Golden Pig’s take: The meme leader $DOGE has fallen back to prices from three years ago. I’m still leaning bullish, but I’ll only scale in with small positions and won’t chase a bounce.
DOGE is currently around 0.057 on Binance spot, down about 12% over 24 hours, with an intraday low of 0.0561.
The last time its intraday low was even lower was back in August 2023.
Compared with the December 2024 high of 0.484, it’s now down nearly 90% (about −88%).
Why I’m still leaning bullish:
1. DOGE is a barometer for the meme sector. Having fallen back to a three-year low, my read is that many short-term holders who wanted out have already left.
2. The lower it goes, the cheaper it needs to be to make it worthwhile, so I’ll only scale in gradually and won’t take a large position.
My plan:
Take a small position around 0.056; exit if it breaks below 0.050; add more once the daily chart gets back above 0.065.
Meme coins are volatile, so keep leverage low and positions small enough that you can sleep at night.
With the meme leader down at these levels, what are you planning to do with the meme coins you hold?
#DOGE #狗狗币 #Meme #Market Analysis
Source: Binance spot DOGEUSDT real-time quotes and daily candlestick chart. This is only my personal opinion and does not constitute investment advice. DYOR.
DOGE is currently around 0.057 on Binance spot, down about 12% over 24 hours, with an intraday low of 0.0561.
The last time its intraday low was even lower was back in August 2023.
Compared with the December 2024 high of 0.484, it’s now down nearly 90% (about −88%).
Why I’m still leaning bullish:
1. DOGE is a barometer for the meme sector. Having fallen back to a three-year low, my read is that many short-term holders who wanted out have already left.
2. The lower it goes, the cheaper it needs to be to make it worthwhile, so I’ll only scale in gradually and won’t take a large position.
My plan:
Take a small position around 0.056; exit if it breaks below 0.050; add more once the daily chart gets back above 0.065.
Meme coins are volatile, so keep leverage low and positions small enough that you can sleep at night.
With the meme leader down at these levels, what are you planning to do with the meme coins you hold?
#DOGE #狗狗币 #Meme #Market Analysis
Source: Binance spot DOGEUSDT real-time quotes and daily candlestick chart. This is only my personal opinion and does not constitute investment advice. DYOR.
