Dogecoin (DOGE) • Possible correction levels before 1$

Updated

Doge saw significant rise in derivatives toward the 1.3B open interest. We now seeing the necessary reset on funding rates which are currently normalised towards the baseline but surprisingly not bearish. That lack of bearishness is exactly what makes it look bearish. There isn't enough fear.

We take a look through what i think to be decent support ranges and mention some significant gaps in the doge marktcap chart.

Note

CNBC, The Verge and many other news outlets just announced

"SpaceX accepts Dogecoin as payment to launch ‘DOGE-1 mission to the Moon’ next year"

This is crazy bullish. Chances are we might not see deeper lows because of this. Let see how it handle inside that neutral zone I drew before breaking new highs.

Note

Please be aware that I HAVE NO CLUE if it will actually go to $1.

I speculate that it might

Does it matter? No

Should you manage your own risk understanding that this might go to ZERO tomorrow? ABSOLUTELY

D7R

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