Musk supports Dogecoin, who dares to defy the ETF review?
Why haven't we seen Old Ma speak up for DOGE lately? Is he too busy to pay attention to this 'big dog'? Let me give him a shout! Hope it can make a difference. If you ask me, DOGE is definitely the first to get through the ETF, after all, Old Ma is backing it. Those reviewing the ETF, even if they're reluctant, have to give Old Ma some respect; that's the most basic rule in the community.
On the daily chart, what do those three needle-like lines for Dogecoin mean? Is one needle not enough, so we need three? This clearly indicates strong buying pressure, as the three needles haven't even been pushed down. This support is solid! On the 4-hour chart, the 'W bottom' pattern is back, and both the highs and lows are rising. To form this 'W bottom', it needs to first surpass 0.2176, after which it can surge toward 0.22193, 0.23635, and 0.24596.
Looking at Fibonacci, it just happened to hit 61.8% on the 6th and then turned back, also touching 23.6% again. If Dogecoin can break through 61.8% in one go, then reaching the 1:1 position, which is 0.24, would be a piece of cake, right?
On the weekly chart, keep a close eye on the point of 0.16152. If it falls below that, a weekly correction will come, dropping down to 0.14503 and 0.12275, which is not the scenario we want to see.
If you're getting into spot trading, focus on the three yellow boxed areas on the chart, buying in batches when opportunities arise. Compared to other altcoins, Dogecoin is still worth buying, especially since Old Ma is standing behind it; we should have confidence, shouldn't we?
Now that the market has completed its correction, the altcoin bull market will soon start. I have carefully selected options that are expected to rise over 10 times without any problem, leave a comment + like, and share for free!