Is the $1 $DOGE threatened?
In my opinion, Dogecoin is still in a healthy state as we have seen similar characteristics in the most recent $DOGE rally doing a 60% pullback until this most recent run.
This recent 40-50% drop is only the beginning of the next accumulation phase for the $1 DOGE valuation.
Yes I still hold firmly to my analysis, only difference being that I am expecting a delayed effect.
$DOGE has had a fantastic run in this month and stole the the shine.
In fact, barely 24 hours since the plummet we are beginning to see signs of other major alts like the Binance Coin ($BNB) beginning to take their turn.
Ethereum Classic ($ETC) is also taking up the grand stand.
Have you seen the SHIBA INU ($SHIB) parabolic rally yesterday? A competitive meme coin to DOGE gets pumped 5X over the same time DOGE was getting hammered. Coincidence? I don't think so.
Clearly profit taking is already showing to move money towards other alts which may lead to a break in the $DOGE.
Always remember never to under estimate the power of the DOGE community. DOGE alone is the King of meme tokens and holds a notorious position as bit coin has in the crypto space.
That said, the charts are looking good to prepare the way for $1.
In my opinion, Dogecoin is still in a healthy state as we have seen similar characteristics in the most recent $DOGE rally doing a 60% pullback until this most recent run.
This recent 40-50% drop is only the beginning of the next accumulation phase for the $1 DOGE valuation.
Yes I still hold firmly to my analysis, only difference being that I am expecting a delayed effect.
$DOGE has had a fantastic run in this month and stole the the shine.
In fact, barely 24 hours since the plummet we are beginning to see signs of other major alts like the Binance Coin ($BNB) beginning to take their turn.
Ethereum Classic ($ETC) is also taking up the grand stand.
Have you seen the SHIBA INU ($SHIB) parabolic rally yesterday? A competitive meme coin to DOGE gets pumped 5X over the same time DOGE was getting hammered. Coincidence? I don't think so.
Clearly profit taking is already showing to move money towards other alts which may lead to a break in the $DOGE.
Always remember never to under estimate the power of the DOGE community. DOGE alone is the King of meme tokens and holds a notorious position as bit coin has in the crypto space.
That said, the charts are looking good to prepare the way for $1.
