Is Dogecoin's big drop a precursor or a preparation for a big rise?
$DOGE The current situation is quite delicate; if it doesn't drop significantly, a big rise may not come easily!
The risk for DOGE is not small; it could fall at any moment.
Looking at this trend, the bubble risk for DOGE is soaring and is about to reach the dangerous area of 2.84. This means this MEME coin could soon face a significant price drop.
Currently, the price of DOGE is hovering around $0.39, down from the previous high of $0.42.
From the historical price trend and risk relationship of DOGE, every time the risk increases, a price drop usually follows.
However, DOGE has had its operations after Bitcoin halving:
First, it rises sharply, then takes a break, and finally surges again. Here it comes again in 2024, looking quite similar to previous scripts.
But now everyone is watching DOGE's short-term bubble risk, trading carefully. The price has been hovering around $0.38, struggling to break the $0.42 barrier.
From a technical perspective, if DOGE can drop to $0.36, it may be able to gather some strength to prepare for a big rise later.
Additionally, the number of people searching for DOGE online is increasing, especially in November, with search volume rising significantly, closely following price fluctuations.
Recently, I've been planning to ambush a potential coin ready for a big surge; it's quite easy to double your investment, and I'm also looking for some potential coins to hold until the end of the year, expecting a space of over 10 times is not a problem. If you want to keep up, like + comment, and share for free.
