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I bring you Dogecoin today on a tough spot. I wonder, is it easy to call for a bullish resumption at this point, or is it hard? What would it be like to see this chart with different eyes... I wonder.
Between the 8th and 20th of December, we have a 45% correction. The correction found support below 0.5 and above 0.618 Fib. retracement levels. These levels match a resistance from the October 2021 peak high.
Trading volume is many times higher on the rise compared to the drop. It seems the bears are weak. It seems the correction is over.
It is no surprise, we are already in the year 2025.
I will not be surprised when we experience a sudden rise.
There will be no surprises, I am not staying behind. It is only logical, once the correction is over, the market resumes growing and produces a higher high.
It will be a wild ride and this year it is certain we will see a new All-Time High... I just realized that there is nothing more to write.
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#AltcoinMomentum Network Momentum is a view created by Philip Swift which looks into the value transmitted through the Bitcoin blockchain denominated in BTC value plotted against Bitcoin`s price. It serves as a leading indicator of Bitcoin bull markets.