Think Dogecoin Has Topped Out? Two Factors That Say ‘No Way’
In an analysis provided by encrypted analyst Kevin (@Kev_capital_ta), Dogecoin (Doge) has become a cottage coin that protests the current market doubt theory. Its technical indicators suggest the continuation of the bullish, not the peak.
Dogs are still optimistic
Kevin’s latest news postal X highlights the performance of the 50 -day and 200 -day simple moving average (SMA) of Dogecoin. He pointed out: “Dogecoin’s weekly gold cross occurs, and it still expands rapidly on the 50 and 200 simple moving average.” This MetalThis is an indicator of bullish. Among them, the SMA of 50 days cross the SMA of 200 days, which shows that the momentum continues.
Related reading
Kevin further checked the level of Fibonacci’s return back and pointed out that the dog coin “above the macro gold bag with 0.26 cents is fighting macro .786.” Usually located between 0.618 and 0.65 Fibonacci levels The “golden bag” is usually considered a key support area. Kevin believes that the price that maintains higher than this level is optimistic.
“If you think that this chart is under the current location, then you need some help. It will not be very focused on a single Altcoins, because no matter what your Altcoin chart, BTC will determine the next step in the market, but you need to remind people that it is necessary When we are at the same price of the same price, how crazy they are in November, and the market is working hard. There is no change. When everyone sees it, there will be no cycle shirt. “Kevin said.
Kevin further explained the unstable nature Encryption market emotionsThe comparison response has been compared from November and January. “When Dogecoin reaches 35 cents in November, everyone screamed up the mountain, so that they are so optimistic. The price of the Doge in January is. 35 cents, everyone is screaming, the Doge is bad. I should sell it a long time ago.
Bitcoin needs to move first
Kevin also discussed the influence of Bitcoin on the wider cryptocurrency market and emphasized its role as a leading indicator as a cong coin such as Dogecoin. he mark In the long run, yesterday’s response to the US President Donald Trump did not affect the administrative order of encryption.
Related reading
“BTC failed to break the 1.703 FIB with 106.8K again and again. Even if we separated from this bullish down channel within the daily range, if there are any trends in the past 48 hours, we still have not seen any real funds flowing in. Assets. Trump’s administrative order is an obvious purchase of rumors, selling news events like all activities, so for me, this is always a burger, “he said in detail.
Despite these challenges, Kevin remained optimistic about Bitcoin’s restoration potential. “I still think that we have experienced seasonality in BTC, because the month that is always bad in January, especially in Half -yearEssence I believe that the goal should be low and angry before starting the next leg, which should be within 1-3 weeks. stay tuned! “He predicted.
At the time of release, the DOGE transaction price was $ 0.35.
Use the characteristic images created by Dall.e, the chart of tradingView.com
