cryptd.in

Εναλλακτική LinkedIn για τα ταλέντα που είναι φιλικά προς την κρυπτογράφηση

Dogecoin (DOGE) Could Be on the Verge of a Parabolic Move: Analyst

-

από

cryptd.in
στο

DOGE has fared poorly over the past months, mirroring the bearish conditions of the broader crypto market and the waning interest in the meme coin sector.

Nonetheless, numerous analysts remain bullish that a major pump could be on the way.

The Possible Catalyst

The OG meme coin has collapsed well below $0.10, yet it now trades above $0.081. This level is specifically important to the popular analyst Ali Martinez, who described it as “the lower mid-range boundary” of a five-year parallel channel activity since 2021.

He argued that, since its inception, Dogecoin has progressed through multi-year consolidation channels before entering bull markets, and that holding beyond that mark could create the conditions for another “parabolic move.”

This isn’t the first time Martinez has commented on DOGE this week. He αποκάλυψε το that the Tom DeMark Sequential indicator flashed a buy signal on the asset, suggesting a rebound could be on the horizon. It is important to note that this technical analysis tool successfully predicted Dogecoin’s correction in early May when the price slipped from $0.113 to $0.078.

Other market observers who foresee a bright future for the coin include Trader Tardigrade and MikybullCrypto. The former opined that “Doge season is ahead of us,” whereas the latter sees the ongoing levels as a strong accumulation zone.

Prior to that, MikybullCrypto claimed that DOGE has reached a level that triggers “a massive rally” to a new all-time high. They envisioned an explosion to as high as $2.50, which at the moment seems a bit unrealistic (to say the least). After all, it would require the meme coin’s market capitalization to skyrocket above $360 billion – a figure currently surpassed only by Bitcoin (BTC).

Whales and More

The recent behavior of large investors further strengthens the bullish case. As CryptoPotato reported, these market players acquired 200 million DOGE in just a week, potentially positioning themselves for the next upward move. Their actions could encourage smaller investors to follow suit and distribute fresh capital into the ecosystem.

Next on the list is DOGE’s exchange netflow. Data show that outflows have dominated inflows over the last several weeks, suggesting that investors have abandoned centralized platforms in favor of self-custody methods, thereby reducing immediate selling pressure.

DOGE Exchange Netflow
DOGE Exchange Netflow, Source: CoinGlass

 

Η θέση Dogecoin (DOGE) Could Be on the Verge of a Parabolic Move: Analyst εμφανίστηκε για πρώτη φορά στο CryptoPotato.

Σχόλια

Αφήστε μια απάντηση

Η ηλ. διεύθυνση σας δεν δημοσιεύεται. Τα υποχρεωτικά πεδία σημειώνονται με *

Τελευταίες τροφοδοσίες

Δημοφιλείς κατηγορίες

el Ελληνικά
el Ελληνικά en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Αναζήτηση στον ιστότοπο

Δημοφιλείς ιστορίες

Ετικέτες

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (448) #BitcoinETF (3) #BitcoinΒασικά στοιχεία (1) #BitcoinHandling (1) #BitcoinPrice (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Δοκιμές (1) #BTCαπόκτηση (1) #BullishPrediction (1) #BullishSentiment (1) #ChineseMining (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinΌγκος (1) #DutchCourt (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (73) #EthereumPain (1) #EthereumPrice (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) 1TP5FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) 1TP5Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #LegalAction (1) #LegalImpact (1) #Νομοθεσία (1) #LightningNetwork (1) #MΑνάλυση αγοράς (3) #MΠαρακολούθηση της αγοράς (1) #MΠρόβλεψη αγοράς (1) #MΠροβλέψεις για την αγορά (1) #MarketProjection (1) #MarketSupport (1) #Mμεταβλητότητα της αγοράς (1) #MΓάμος (1) #MemeCoin (5) #MemeCoins (2) #MinerProfitability (1) #MoneyLaundering (2) #MtGox (4) #NorthKoreaCrypto (1) #NovogratzΠρόβλεψη (1) #PriceMilestone (1) #PricePrediction (2) #PriceQuestion (1) #PriceSurge (1) #PrisonSentence (1) #QuantAnalysis (1) #RegulatoryPressure (1) #SECAntiCrypto (1) #ShibaInu (6) #SocialBuzz (1) #Tτεχνικήανάλυση (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRΤιμή (1) #XRPupswing (1)

Χρήσιμοι σύνδεσμοι

Σύνδεσμοι που βρήκα χρήσιμους και ήθελα να μοιραστώ.