Dogecoin analysts are divided: some see potential for sharp growth on the wave of memes, while others urge caution based on technical analysis. Here are the main trends:



1. **Double bottom breakout** indicates a rise to $0.30 🚀

2. **Transfer of 900 million DOGE to Binance** raises concerns about sell-offs 🐋

3. **Targets at $1** face warnings of bearish signals 🎯

The overall sentiment on DOGE is **diverse**, with a balance between technical signals and volatility driven by large players. Patterns such as a symmetrical triangle targeting $0.60 and whale accumulation with a potential rise to $0.30 support bullish sentiment. However, the influx of coins onto exchanges and a 43% drop in trading volumes over the past month indicate the fragility of the current momentum. It is important to monitor the support level at $0.20 — holding it could revive interest in the meme coin, while a breakout would confirm the risks of a bearish scenario. Will the community's love for Shiba Inu outweigh the technical data?
DOGE-5.05%
SHIB-2.8%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)