Dogecoin has been eerily quiet lately.
For three days, the price has been hovering between 0.0756 and 0.0779, with less than a 3% move either way. This is DOGE—we usually get bigger swings than that from a single wick.
The chart doesn't look great, either. A little over a month ago, it was hovering around 0.1. It’s been slowly bleeding lower ever since, and now it’s at its lowest point in two months.
You’d expect a fresh low to trigger a wave of panic selling. But in the past three days, we haven’t even seen one decent red candle. Most of the people who wanted to sell have probably already sold.
DOGE has always had a habit of making a bigger move the longer it stays coiled up. This time, I’m betting it goes up.
First, let’s see if it can reclaim 0.08—it was still holding above that level last week. If it gets back above, the 0.087 area is the next stop.
If it really breaks below 0.075, then I got it wrong. I’ll own that. #DOGE $DOGE
For three days, the price has been hovering between 0.0756 and 0.0779, with less than a 3% move either way. This is DOGE—we usually get bigger swings than that from a single wick.
The chart doesn't look great, either. A little over a month ago, it was hovering around 0.1. It’s been slowly bleeding lower ever since, and now it’s at its lowest point in two months.
You’d expect a fresh low to trigger a wave of panic selling. But in the past three days, we haven’t even seen one decent red candle. Most of the people who wanted to sell have probably already sold.
DOGE has always had a habit of making a bigger move the longer it stays coiled up. This time, I’m betting it goes up.
First, let’s see if it can reclaim 0.08—it was still holding above that level last week. If it gets back above, the 0.087 area is the next stop.
If it really breaks below 0.075, then I got it wrong. I’ll own that. #DOGE $DOGE
