DOGE prediction if bullish volume picks up from this dip...
Bullish volume does need to pick up, but this is what I think. Volume has slowed down, not picked up during this dip. Indicating a possible natural price dip that people are happy with, and happy buying in to. The first major resistance took about 10 days to break. This one may take a little longer since the price went dramatically higher. Notice the 100MA indicator, and the old resistance, new support line all in the same place. We're now seeing a small bounce in the blue circle. My case for DOGE...
• Smart and trendy billionaires are chatting about it. Celebrities are chatting about it.
• DOGE is entertaining, unlike ALL other crypto currencies. Elon even said that "The most entertaining outcome and the most ironic outcome would be that dogecoin becomes the currency of Earth in the future."
• I also believe in what Elon said. Unlike stock, crypto currencies are created out of thin air and only have value if people decide to give them value. Bitcoin has done this and got VERY popular years ago from the Bitcoin Documentary that Netflix released. When the general public found out what Bitcoin was, interest took hold. People only gave it value because it was entertainment and trendy. Now, Dogecoin is doing the same thing. Billionaires and celebrities aren't talking about Ripple, Iota, Litecoin, etc., they're talking about Dogecoin. Elon was even talking about Dogecoin this time last year.
• Unlike most other coins, no one person is "getting rich" off Doge. The developer sold his position off years ago and hasn't made any money off it. Doge can truly be "the peoples coin".
• Dogecoin is 6 cent. Bitcoin is almost 50k, which scares off the common person from buying it. Who doesn't have extra cash to buy a few hundred Doge?
• Tweets, Reddit, Memes, all matter. They are fueling Doge like no other currency. Information like that, spreads fast. Why? BECAUSE IT'S ENTERTAINING!!!!
• Last major point... when the common person who knows nothing about investing or technology asks "What"s Dodgcoin and should I buy it?" Then you know it's reaching into the deepest parts of society. I'm literally getting people from high school I haven't talked to in 10-15 years ask me about dogecoin on Facebook. Dogecoin, not bitcoin, not ripple, not ethereum, not cardano.
Dogecoin. This is the way.
(AND REMEMBER: All crazy ideas and new ideas start with massive negativity and pessimism from everyone, until... all those people wish they got in early when you did)
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