#Doge

US President Trump’s trade war has added upside risks to inflation and downside risks to growth, creating a potential “stagflation” scenario for the US economy for the first time in over 50 years.

In such an environment, risk assets, which Dogecoin is very much one of, aren’t expected to perform particularly well.

Thanks to its growing narrative as “digital gold” and a safe haven, Bitcoin is looking perky, and nearing a retest of $100,000.

That, plus the aforementioned favorable chart patterns, could suggest that a medium-term bottom is in for the Dogecoin price.

If Bitcoin pushes back above $100,000 and towards a retest of its record highs around $108,000, the Dogecoin price can continue to recover.

If it can break above $0.20 resistance, a move back to $0.28 would be on the cards.