What's up, my people! Pay attention to this! It seems that the most famous little dog in the crypto world, Dogecoin ($DOGE), is cooking up something big slowly. 🔥 People are quietly accumulating it, as if they are keeping the best-kept secret of grandma. And, according to the analyst Crypto Man MAB, this could be the start of a price party that will leave us speechless by the end of summer! 🌞
Crypto Man MAB dropped the gossip on X (formerly Twitter) and showed a pattern called "double bottom" on the weekly chart of Dogecoin. Imagine that the price went down, then went up a bit, and then went down to the same point as before, only to start going up again. That, my friends, is like the signal that the price was at the bottom and is now coming back up with full force. It's a pattern that those who know about this relate to very powerful trend changes, so DOGE could be ready for a wild breakout! 📈
The key point for this thing to work is that Dogecoin maintains strong support at $0.142. This level has been like a guardian, holding the price in April and now at the end of June. If the bulls (that’s what we call those pushing the price up) manage to defend that zone, the next important level to break is $0.26. If it breaks that, hold on tight, because the target could be $0.47! 🎯
But that's not all, there is another good sign! Dogecoin is also forming a "descending wedge," which is like a funnel that is closing on the chart and almost always ends with a breakout upwards. It’s another clue that the little dog is ready to run! 💨
Of course, the Relative Strength Index (RSI), which is like a market thermometer, is still below the neutral zone (50). If that little number goes up, confidence that Doge is going to explode skyrockets! So, even though it's consolidating now, if the market turns favorable, we could see DOGE breaking resistances at $0.30 and $0.40 before reaching those coveted $0.47 by the end of summer. 🏖️
Crypto Man MAB is super optimistic, and not just him. It seems that whales (the big investors) and regular people are quietly accumulating Dogecoin. In fact, the price of Dogecoin has already risen by 8% in the last seven days. This could be because there is a strong rumor that a DOGE ETF could be approved soon, and that would be like pouring gasoline on the fire! 🔥
And since we are talking about rises, watch out for Best Wallet ($BEST)! With the mess that happened with FTX, people are looking for secure wallets that allow you to have control over your cryptos. Best Wallet is not just a wallet; it's like a command center for your digital assets, with bulletproof security and tools to find the best presales. They have already raised over $13.6 million in their initial phase, and it's still rising! So, if you're looking for something to store your cryptos and take advantage of the market, keep an eye on Best Wallet! 👀$DOGE
