$DOGE coin updates and technical analysis
$DOGE ’s $1 goal depends on three things:
1. Ethereum breaking its 2021 highs
2. The Bitcoin halving cycle timing
3. Strong global money supply growth (M2)
Right now, Dogecoin is in a slow build-up with possible dips ahead.
Until Ethereum confirms a bull market, the $1 talk is premature.
DOGE TECHNICAL ANALYSIS
$DOGE is reacting to a daily demand, and it has taken out the first bearish trendline.
On the 4-hour timeframe, it is responding to a supply POI, but watch out for the break of the new bearish trendline; a break of this trendline will trigger buyers to target the 4-hour highs or the daily highs.
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