🤝😉 Hello to all like-minded people who support or are just thinking about joining the DOGE team or waiting for the increase to happen and see its potential!
Yesterday I posted data and thoughts about DOGE, subscribe and follow the news.
Back in 2021, I got acquainted with DOGE and believed in its potential for growth and development, but politics is such a mother, manipulations in the market are present and you should not forget about it or think that it will not affect you. I traded and successfully increased my capital and at some point from the level of $ 0.73995 DOGE decided to take a walk to the left with a hint of correction, but the correction dragged on for 36 months. I continued to believe and now the moment of truth has come, it returned to the course 🚀 you need to understand whether you are ready to invest for the long term and not go off the rails because of frozen funds or play for a day ... draw conclusions from this and build your own game strategy or I would call work.
Let's look at the picture now.
As of mid-November 2024, Dogecoin (DOGE) has shown significant growth, reaching a price of around $0.44 after breaking through the resistance levels of $0.35 and $0.38. This growth occurred after the formation of a golden cross on the chart (plot and check if necessary) when the 50-day moving average crossed the 200-day, which is a classic bullish signal. This indicates strong potential for further price growth.
In addition, the price increase is supported by growing institutional interest and increasing popularity of DOGE, as well as increasing media attention and the FOMO phenomenon. These factors actively contribute to its value increase. Predictions also suggest that DOGE could reach $1 by 2025 if the current bullish momentum continues.
In terms of support and resistance, DOGE is holding a range of $0.41 to $0.45, with room for further gains towards $0.50. However, risk remains due to high volatility and potential regulatory factors, and is currently trading between $0.35 and $0.38.
Thus, although DOGE has good potential for growth in the near future, it remains susceptible to market fluctuations and external factors. It is important to watch the $0.44–$0.50 level as key points for possible breakouts.
I provide a chart (of the past with a mark of potential growth) in order to see what level we are at and to understand the picture of the future.
Please remember about the risks, on short positions and on emotions you can miss the situation, set TP/SL and fix the profit.
Thank you, I will be glad if the information is useful for you, leave your comments (positive ones are welcome😁), thoughts and dreams, let's raise the level higher🚀
