menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Dogecoin News

>

Analyst Sa...
source image

Bitcoinist

4w

read

266

img
dot

Image Credit: Bitcoinist

Analyst Says Dogecoin Is In Launchpad Phase – Here’s What It Means

  • Dogecoin has surged above the $0.2 mark due to renewed bullish sentiment in the market.
  • An analyst suggests that Dogecoin has transitioned from the launchpad phase to the explode phase.
  • Trader Tardigrade's technical analysis indicates similarities between Dogecoin's current trajectory and past cycles.
  • The analyst refers to patterns involving bottoming out, launchpad formation, and subsequent explosive moves.
  • The analysis showcases similarities between the current MACD behavior and previous setups before significant price surges.
  • Based on historic behavior, Dogecoin could potentially rally significantly in the coming weeks.
  • Trader Tardigrade projects a possible price move above $0.7 in the coming months.
  • Previous references to Dogecoin's liquidation heatmap highlighted liquidity concentrations above current levels.
  • There were significant liquidity clusters around $0.189 and $0.1995, which have now been surpassed as Dogecoin broke above $0.2.
  • Market makers often target high-liquidity zones to drive volatility and trading volume.
  • At the time of writing, Dogecoin is trading at $0.2016, showing a 5.6% increase in the last 24 hours.

Read Full Article

like

16 Likes

For uninterrupted reading, download the app