My people! What's up with Dogecoin? 🐶🔥 It seems that the little dog's crypto is ready to give us a very tasty surprise, and the experts are already keeping an eye on it!
Imagine this: Dogecoin, which was kind of calm around $0.17, suddenly decided to bounce like a beach ball. Where? Well, nowhere less than at the famous Fibonacci support and at a key trendline. That's a sign that things are getting good! 📈 Those who know say that if the recent dip to the "200-week moving average" (which is like the magic carpet of price) was a golden opportunity to buy cheap, then hold on! We could see DOGE touching $0.16490 again, and maybe even beyond!
The one and only Thomas Anderson (yes, like the one from the movie, but this one is a crypto-analyst 🤓) spilled the beans on X. He told us that Dogecoin is dancing around $0.17043 and that, although it hit a resistance (like a little yellow wall) near $0.16490, things haven't fallen apart. On the contrary! It is consolidating, preparing for the next move. And watch out, because the "200-day moving average" is down there, like a mattress, giving support so that the "bulls" (those betting that the price will rise 🐂) don't lose control.
In the M30 chart, the bullish move remains intact. In other words, the outlook looks optimistic. If Dogecoin doesn't slip from those key supports, we could see a takeoff at any moment! Anderson even said that if it drops again to that 200-day moving average on the M15 chart, it's an opportunity that shouldn't be missed to buy! 🛒
But it doesn't stop there, because analyst Andrew got philosophical with the Elliott waves! 🌊 Looking at the weekly chart, he saw that DOGE has been doing a dance of five bullish waves followed by a correction, just like the theory! And the spiciest part is that the price reacted strongly at a Fibonacci level (0.786), which means it reached a crucial point where buyers may appear again. Andrew took a gamble and believes this could be the start of a powerful "Wave 3" that could lead Dogecoin to break all previous records! 🚀💰
So, let's stay alert, my people! Dogecoin is signaling that the little dog not only barks, but can also fly! Are we facing the next crypto-sensation? 🤔 Time will tell! $DOGE
