Let take a look purely in technical perspective in DOGE.
DOGE's price has pushed down since the start of the week on Sunday, and to a recent lows around $0.35.
From my last outlook on DOGE, I mentioned that if price was to pushed down pass previous highs and formed bearish continuation correction, then we can see potential further downside.
However we can see the current price action on the LTF has show us otherwise. With the descending channel correction, a strong reversal impulse bullish move up, followed by a quick continuation to breakout of the larger descending channel correction. Good probability that the correction/consolidation could finished here.
I would be waiting for a LTF continuation correction now as price broke out of the correction, or If no correction formed, expect one more moved down correctively with the channel, before the next up move.
I've never been one to speculate this much, but I think as long as the crypto talking heads keep diminishing it and how "haha, it was fun, but everyone is now moving their profits over to REAL crypto projects" I think it will run like crazy. Let all the dev analysts keep doubting.
jojofang0901
⋅
@Jeff_Cryptopop, Yea I feel you. :) I guess we have to wait and see how it goes.
qfina
⋅
I can't see the point in technical analysis in what is literally just a joke coin. There are no bulls or bears, it's just a bunch of people hoping to get rich with memes and jokes.
jojofang0901
⋅
@qfina, Well anything is possible in the market. After all we are just making forecast/analysis base on speculations. IF certain development doesn't happen then we don't enter and move on to other opportunities.