Dogecoin (DOGE) is showing another major bullish signal!
After bouncing from the key weekly demand level at $0.151 mentioned in a previous supply and demand crypto analysis, DOGE coin is now approaching a new daily demand imbalance at $0.18035—a level where buyers have historically stepped in aggressively.
Why This Matters:
Check the previous DOGE analysis from a few weeks ago.
After bouncing from the key weekly demand level at $0.151 mentioned in a previous supply and demand crypto analysis, DOGE coin is now approaching a new daily demand imbalance at $0.18035—a level where buyers have historically stepped in aggressively.
Why This Matters:
- Strong Reaction Expected: Similar imbalances on other altcoins have led to sharp upward moves.
- Long-term weekly imbalance: The weekly demand level is playing out very well.
- Dogecoin (DOGE), the world’s favourite meme cryptocurrency, is trying to reach a critical weekly demand level at $0.151—its strongest daily demand zone in a long time! This presents a prime buying opportunity, especially for crypto beginners looking to enter the market.
Check the previous DOGE analysis from a few weeks ago.
Alfonso Moreno
Set and Forget Trading Community
Set and Forget Trading Community
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Alfonso Moreno
Set and Forget Trading Community
Set and Forget Trading Community
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.