$DOGE â Breakthrough New ATH and Long-Term Potential
Dogecoin (DOGE) has made a strong comeback in the market, reaching a price of 0.46 USDT and setting a new All-Time High (ATH). With trading volume skyrocketing, DOGE is currently asserting itself as one of the most promising coins for long-term investment.
1. Technical Analysis
Strong Bullish Candlestick: The chart shows consecutive bullish candles with large volume, confirming strong growth momentum and breaking previous resistance levels.
7-Day MA Crosses Above 25-Day MA: This Golden Cross signal indicates that the upward trend may continue, reinforcing investor confidence.
Trading Volume: With a trading volume of 31.39B DOGE, large amounts of money are flowing in, signaling interest from institutional and individual investors.
2. Long-Term Potential
Widespread Acceptance: DOGE is increasingly being accepted as a payment method in online transactions, enhancing the real value of this coin.
Strong Community: The DOGE community, led by major supporters like Elon Musk, continues to play a crucial role in driving the development and trust in this coin.
3. Long-Term Investment Strategy
Price Outlook: With the current growth trend, DOGE has the potential to reach the 1 USD mark in the short term and may exceed 2 USD by 2025 if the cash flow continues.
Fund Allocation: Since DOGE remains highly volatile, investors should allocate funds gradually (DCA - Dollar Cost Averaging) to avoid being caught in the FOMO effect.
Long-Term Holding: DOGE is suitable for investors willing to hold for the long term to leverage potential breakthroughs.
#Dogecoin #DOGE
#NewATH