It's been awhile since I made any analysis on
DOGEUSD
. DOGE is looking strong with good catalyst. Elon Musk backtracks on Bitcoin and now accepts it as a form of payment. Coinbase has made DOGE available to its customers, which also allows people who use Shopify to pay for products and services using their DOGE coin. The recent news might be enough to bring back the FOMO, while the stock market struggles to find its footing.
The last retracement I called a couple months back did not have much of a catalyst behind it, and at that time it went from 0.30 to 0.40. With the current catalyst, we might see DOGE fly back above 0.40. My conservative estimate is a 0.10+ cent retracement to 0.29. I will revisit DOGE if/when it revisits the 0.30s.
DOGEUSD
. DOGE is looking strong with good catalyst. Elon Musk backtracks on Bitcoin and now accepts it as a form of payment. Coinbase has made DOGE available to its customers, which also allows people who use Shopify to pay for products and services using their DOGE coin. The recent news might be enough to bring back the FOMO, while the stock market struggles to find its footing. The last retracement I called a couple months back did not have much of a catalyst behind it, and at that time it went from 0.30 to 0.40. With the current catalyst, we might see DOGE fly back above 0.40. My conservative estimate is a 0.10+ cent retracement to 0.29. I will revisit DOGE if/when it revisits the 0.30s.
