The crypto community price levels will rise in time; I don't think anyone with a technology background will argue that. However, too many people are bullish based on previous price movement. The problem is, adoption is only a small percentage to the companies that are out there. Whales will dump us over and over to accumulate the run to 100K on the BTC side.
As for Doge, it's important to understand the first big rise was purely based on Elon's tweets and anticipated SNL appearance. There wasn't anything else besides pump and dump behavior increasing the price.
We are now back to normal, playing copycat with the price of BTC. With this in mind, BTC is about 55.5K a coin and Dogecoin is mimicking it's every move in full swings. Additionally, with similar drops and rises, Dogecoin should indeed fall back to a level of .125 - .1597 before the next run up to the resistance of $0.43.
Really monitor price around the $0.21 level as well as the more obvious level of $0.1597. Good luck traders.
This isn't financial advice, just some of my opinions of what's going on in the crypto market. Trade with your own risk.
As for Doge, it's important to understand the first big rise was purely based on Elon's tweets and anticipated SNL appearance. There wasn't anything else besides pump and dump behavior increasing the price.
We are now back to normal, playing copycat with the price of BTC. With this in mind, BTC is about 55.5K a coin and Dogecoin is mimicking it's every move in full swings. Additionally, with similar drops and rises, Dogecoin should indeed fall back to a level of .125 - .1597 before the next run up to the resistance of $0.43.
Really monitor price around the $0.21 level as well as the more obvious level of $0.1597. Good luck traders.
This isn't financial advice, just some of my opinions of what's going on in the crypto market. Trade with your own risk.