$DOGE $10+ DOGECOIN?!🚀🚀
Dogecoin is currently in the lowest 5% of the long-term price channel. This is an area that often marks the final bottom of the cycle before major price surges, usually following a period of correction. The current question is whether this familiar pattern will repeat.
From here, I see two possible scenarios:
1. Dogecoin maintains support at the bottom of
the channel and sets up for another historic rally.
2. Dogecoin continues to 'slowly walk' along
the bottom, ignoring the blow-off top in this cycle and
instead shifting to a stable, long-term uptrend
without creating a new low in the cycle.
I also think that if Bitcoin rises to a new all-time high from here, it indicates that this market cycle is extending and Dogecoin's cycle may extend as well.
TO THE MOON!🐶🚀🌕
