If you look at historic RSI levels you'll see that each major bull run was preceded by a tap of the 30-levels
I am bullish on Dogecoin in the Q1 of 2022 for the following reasons:
Short-term price target is mid/high 15s but then expect a quick turnaround to re-test the 20s support. If it can break, we will see a quick run up to 28 / 34 / and beyond
What do you think? Follow if you found this helpful!
Not investment advice, just my 2c
I am bullish on Dogecoin in the Q1 of 2022 for the following reasons:
- After an epic first half of '21 Doge has been in a massive bear correction for the second 1/2 of last year (almost 6 months! but remember also bc of macro crypto crash)
- Doge recently broke the sub-30 level in mid December last month, and is currently headed towards the 30-levels again (not sure if it will actually touch or just get really close)
- While there are more memecoin entrants in the market and there are more crypto-related investment choices (ie. NFTs), Dogecoin is still one of the OG memecoins and still has a massive celebrity and tech industry following. Just like how Bitcoin is not used for inherent purchases but a store of value, OG meme coins still have utility as a store of value!
Short-term price target is mid/high 15s but then expect a quick turnaround to re-test the 20s support. If it can break, we will see a quick run up to 28 / 34 / and beyond
What do you think? Follow if you found this helpful!
Not investment advice, just my 2c
I expect the mid 15s support to hold