My people! Attention, attention! 📢 If you are one of those who has Dogecoin ($DOGE), or if you feel like investing, this is for you! It seems that the famous dog is in "silent accumulation" mode and something big is coming. 🤫
It turns out that Crypto Man MAB, an analyst who knows a lot, mentioned on X (formerly Twitter) that a pattern called "double bottom" is forming on the weekly chart of Dogecoin. And that, folks, is a sign that things could change direction and take off significantly! 🚀
Here's the thing: it seems to be gaining momentum for a possible bullish move. The key level for this to happen is the support at $0.142. This level has already been held by the "bulls" (i.e., those who buy to push the price up) in April of this year, demonstrating that it is a very strong area! 💪
If Dogecoin maintains that support and buyers keep putting in energy, the next target is the resistance at $0.26. If it manages to break that barrier, the path opens up to go straight to $0.47! Can you imagine? 🤯
Moreover, the ADX indicator, which measures the strength of a trend, is showing that the bearish trend of Dogecoin is weakening. It's like when a car runs out of gas and starts to slow down before changing direction! And although the RSI (another indicator) has not yet crossed into "bullish" territory, there are already signs that people are buying more. If the RSI goes above the 50 level, hang on, because the party could really start! 🎉
In short, Crypto Man MAB believes that Dogecoin is at a crucial moment. With hopes of approving a spot ETF for $DOGE (yes, just like you read!) and with big and small investors buying at these prices, the scenario is set for a takeoff. If technical conditions improve and people remain optimistic, that $0.47 target could be in sight soon! Stay alert! 👀
