Which one do you think will go up? I'll read you👇🏻
📌Charts and fundamentals
- Exponential increase in transactions: 782,000 transactions last week.
- Positive aggregate funding rate: Investors are betting on the long term.
- Positive net flow from large holders: Large players are increasing their positions.
📌Factors that will drive DOGE's rise:
1. Breakout from the descending channel: Historically, DOGE has made considerable gains after breaking out of a descending channel.
2. Exponential increases in each cycle: In each cycle, DOGE experiences greater increases compared to the previous cycle.
3. Increased Adoption and Transactions: DOGE has seen steady growth in transactions.
4. Price Affordability: DOGE’s lower price will attract more investors.
5. Technology Updates: Improvements in transaction processing and security.
📌Significant increases:
- 19.36% on the 30-day chart
- 9.14% in the last week
Although there has been a 3.65% drop in the last 24 hours, analysts are betting big on the memecoin's trajectory.
📌Predictions:
- Recovery of the resistance of $0.12 in the short term.
- Break towards $0.135.
📌What does this mean for investors?
- Confidence in DOGE's direction.
- Long-term investment opportunity.
$DOGE #MemeWatch2024 #Memecoin🤑🤑