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?
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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?