trend reversal in DOG, creating solid support in the $0.040 range, above the 0.5 point on the fibonati retracement, and revisiting the previous price consolidation in 4W4M2024Y. What is expected from now on is a brief lateralization for the price to rise again. Remembering, everything depends on Bitcoin, if there is a very long pullback, the price of DOG tends to break this support seeking the 0.618 Fibo retracement, in the $0.035 range, I think it is unlikely that this will happen, but there is a chance.
Why is DOG the main narrative of this cycle? - What drives a memecoin is its community, which has been very strong and ascendant when it comes to DOG.
- It has not yet been listed on the main broker, Binance, where it would have greater liquidity and buying power
- It was born from the narrative of Runes, in an airdrop exactly on the day of BTC's Halvin.
- BTC's first and largest memecoin
- All networks have their memecoins, ETH with PEPE, Solana with WIF, Binance with DOGE. The only one that didn't have it was the Bitcoin network, until recently with DOG.
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