RIP $DOGE or #DOGECOIN still eyeing $1?
A lot has happened in this past week and just taking a moment to recap.
Technically, the charts are still looking incredible to wards the $1 breakthrough.
Not much has changed looking at my previous DOGE charts. I think we may see the price of Doge at $1 by end of may.
Fundamentally it has been strengthened by Elon Musk's poll as well as his recent tweet to work with Dogecoin devs to make Doge more effecient to consume less than 1% of the energy consumption of Bitcoin.
Though SNL was a complete fail to the DOGE community as Elon seemingly did not live up to their expectations, a large number of DOGE speculators got rekt, especially the margin traders as they expected him to pump the price of the coin.
Current market prices are good entry points and laddering in all the way to $0.41 would be great entry opportunities.
In conclusion, the technicals stilstand and now supported by the fundamentals. What I am also beginning to see in the market is the sentiment is also coming back thanks to Elon's decision to work with the Devs.
Technically, the charts are still looking incredible to wards the $1 breakthrough.
Not much has changed looking at my previous DOGE charts. I think we may see the price of Doge at $1 by end of may.
Fundamentally it has been strengthened by Elon Musk's poll as well as his recent tweet to work with Dogecoin devs to make Doge more effecient to consume less than 1% of the energy consumption of Bitcoin.
Though SNL was a complete fail to the DOGE community as Elon seemingly did not live up to their expectations, a large number of DOGE speculators got rekt, especially the margin traders as they expected him to pump the price of the coin.
Current market prices are good entry points and laddering in all the way to $0.41 would be great entry opportunities.
In conclusion, the technicals stilstand and now supported by the fundamentals. What I am also beginning to see in the market is the sentiment is also coming back thanks to Elon's decision to work with the Devs.
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