Dogecoin is a crypto currency that has been criticized by a cryptocurrency strategist who usually goes against the crowd.DOGEThe value of ) is likely to fall even if Bitcoin falls.BTCThe ) hits new highs.
Credible, a 395.500-strong social media audience on the platform X, explains what DOGE is to its followers. fall BTC is a cryptocurrency. next move.
Right, there are two ways that something like DOGE could be rejected and would bleed to the ground.
1. BTC rejects, and the bleed down.
2. BTC prints an absolutely chad of an impulse candle which is so big and strong that the collective attention of the space shifts to BTC for a period of time and liquidity begins to flow out of the 10,000,000 other alts (of which DOGE is one) and into BTC as it begins to go vertical…
The liquidity drain will affect some players more than others.
Last Week, Credible said In his view, BTC is likely to make a big move towards $100,000 in the next few months. The analyst believes that traders will unload altcoins and ride BTC’s rally.
Ali Martinez, a fellow crypto analyst, is keeping an eye on memecoin. Martinez says Dogecoin faces a tough resistance but that the memecoin can see a 100 percent surge if DOGE Bulls are able to take down the $0.171 region.
“Dogecoin is encountering significant resistance between $0.166 and $0.171, where 75,500 addresses have acquired nearly 10 billion DOGE. However, once this barrier is overcome, DOGE has the potential to double, with the next key resistance around $0.322.”
DOGE has a value of $0.166 as at time of publication.
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