Why Is Baby Doge Cryptocurrency Making This Massive Move?Baby Doge Coin ( CRYPTOCAP:BABYDOGE ) has been on a strong upward trajectory, catching the attention of traders and investors alike. But what’s driving this rally? Let’s break it down.
Strong Monthly Demand Imbalance Fuels the Rally
One of the key factors behind Baby Doge’s surge is a significant demand imbalance on the monthly chart. This means buyers are aggressively stepping in, absorbing available supply and pushing prices higher. When demand consistently outweighs supply, it creates a bullish environment—and that’s exactly what we’re seeing with Baby Doge.
Babydogechart
BABYDOGEUSDTI think the possible wave count is like this
First, the steps in the monthly time are regular
Second, wave 3 can move up to 4 times the first step
Thirdly, wave 1 has been impulsively formed and the second corrective wave has ended
Fourth, the second pullback wave hit the broken trendline
Fifth, this token burned 50% of the total assets
Therefore, the price should be much higher
It is worth the price
Babydoge | Are we in the 3r wave?Hello dear Traders. As you can see on the weekly chart, we had an impulse wave which took the price to 4e-9 level. Price did correct 70% of this wave
which is 0.702 fib level and has found support. I suppose we are in the 3rd wave and it will for sure if price breaks above 4e-9 level which then the first target would be 5.5e-9 and then 6.5e-9.
What is your idea?
Comment down below.
BABYDOGE CAN GO UPDue to maintaining the higher bottom and structural break, it is possible for Baby Dodge to move up. In any case, you should not enter the position without setting a stop and without capital management. I hope we have a high level so that Baby Dodge fans can get their desired profit.