Time is running out for Dogecoin (DOGE): The explosion may be near!
#Dogecoin (#DOGE ), the leader of memecoins, blinked at the big rise with its accumulation for a long time.
Dogecoin, the most important name of the Memecoin category, took the wind behind with the rise of BTC. DOGE, who has been struggling with an important level for several days, gave confidence to his investors and memecoin arrestees with his recent rise. DOGE, who remains weak compared to other memecoins, may attack in a short time. So what are the elements that Dogecoin investors should take into account in this process?
Dogecoin (DOGE) is completing the accumulation process!
Dogecoin (DOGE), which has been on a downward trend since $0.20, has finally started to give positive signals. The popular memecoin, which found strength from BTC surpassing $ 65,000, blinked at the bull by jumping above the $ 0.15068 level. DOGE, which has been weak compared to other memecoins for some time, is a move that could come from Elon Musk, if BTC breaks $ 70,000 or BTC dominance declines, respectively 0,17565 – 0,19229 – 0,20668 – 0,21957 – 0,23920 and he may want to test the $0.25603.
The fact that different projects, especially memecoins in the Solana ecosystem, leave Dogecoin in the background, Elon Musk's lack of support for DOGE, or the downward pricing of BTC will create selling pressure on DOGE. In such a scenario, a reaction from the December 0.130 – 0.124 dollars can be expected first.
If there are insufficient buyers in this region, there may be decreases up to 0.10058 and 0.08377 dollars, respectively. If the $ 0.124, which is the bottom level in the short/medium term price outlook, does not work as support for DOGE, hard sales may be observed in the pair.