DOGE social media is booming, and the next skyrocketing myth is about to be born!
With the most popular meme coin making a comeback, are you also thinking about whether to buy some DOGE before the next bull market?
Speaking of the price of DOGE, it is really awesome. Look at the eight red candles on the daily chart, which are simply rising like a rainbow, accounting for almost a quarter. This bull market started with the double bottom reversal and the falling wedge breakout and then retest. From the low of $0.08049 on August 5, DOGE has risen by 62.64% in just three months, and has broken through the previous high of $0.1282, completing a big round bottom reversal.
Looking at the technical indicators again, the momentum of MACD is simply soaring all the way, the signal line is positively crossed, and the positive histogram is also soaring. The same is true for EMA. The bullish force is getting stronger and stronger. The 50-day EMA is rising, and the possibility of a golden cross is getting bigger and bigger. All these show that the price of DOGE is really going to rise!
In the past 24 hours, the social influence of this meme coin has increased by 1.55%, and the number of creators has increased by 2.59%. Although the market sentiment has dropped a little, it is still 84%, which is quite optimistic.
Speaking of price targets, according to the Fibonacci level, DOGE's rise has exceeded the 23.60% and 38.20% levels. However, when it approached $0.14, it encountered some resistance, and the intraday candle chart was a bit long. This makes people a little doubtful whether it can continue to rise above the 38.20% Fibonacci level. However, according to the upward trend, the next target is the 50% level, which is $0.14404. If the market continues to recover and this rise can continue, the price of DOGE may break through the 50% level, and may even reach 67.80% or 78.60%, which is $0.1591 or $0.1835. Of course, if it falls, the key support level is at the psychological barrier of $0.1151 and $0.1.
So, this DOGE seems to have real potential. What do you think?
The test of the bull market is not only the ups and downs of the market, but also the test of our mentality. In the face of account changes, we must remain rational. Next, I will announce the next 10x coin potential coin! It is better to grasp it than to guess blindly!
