Crypto Analyst Says $DOGE ‘Is Going To Bark Again Soon’
A popular pseudonymous crypto analyst, HORSE, has conveyed optimism about the potential for a rally in Dogecoin’s (DOGE) value. The trader, who has amassed a following of 183,000 on a well-known social media platform, analyzed DOGE’s performance and noted its recent move above a pivotal diagonal resistance on the weekly chart, which could signal an impending upsurge.
HORSE elaborated on the broader context of the current rise in risk assets and alluded to entrepreneur Elon Musk’s involvement with the social media platform referred to as “X.” This connection was used to reinforce the notion that Dogecoin, colloquially celebrated as the preferred “commoditized dog” of the digital world, faces limited downside risk. The trader’s analysis led to the conclusion that DOGE is likely to experience a bullish phase in the short term.
