ðĨ DOGE's Monster Sell-Off Potentially Ended
Around 4 months ago I made an analysis on DOGE where I wrote that I expected DOGE to sell-off much further. $0.05 to $0.03 were my bearish targets. Congratulations if you took the trade.
As of now, we've indeed bounced off the $0.05 support area. This area functioned as a spring for DOGE's final rally, so it was to be expected that buyers were waiting for that area to be reached.
My long-term outlook is still bearish. However, after >1 year of selling off, I think we're due some kind of bounce.
My target is the top resistance of the bearish channel.
As of now, we've indeed bounced off the $0.05 support area. This area functioned as a spring for DOGE's final rally, so it was to be expected that buyers were waiting for that area to be reached.
My long-term outlook is still bearish. However, after >1 year of selling off, I think we're due some kind of bounce.
My target is the top resistance of the bearish channel.
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