"Dogs on the Moon!" or we continue the meme marathon.
🤩 Another popular and viral asset that is worth nothing on its own outside of public attention. But we don't intend to invest in it.
The current picture on the daily chart shows a clear accumulation zone where the asset has been for a long time.
↗️ The current price has confidently settled above this range — an important signal for the bulls.
An additional argument is the formation of an ascending triangle, a classic pattern indicating continuation of growth.
🐂 The MACD indicator also confirms the upward trend, strengthening confidence in the bullish scenario.
The lack of significant volumes above the current levels opens up room for impulse growth for the asset. At the same time, the potential for movement remains significant: the current price is 300% below historical highs.
💰 The range for taking profits equals the former ATH, which we will reach in the shortest possible time, immediately after the drop in Bitcoin's dominance.
