DOGE has been struggling hard these past months, echoing the broader crypto gloom and fading meme hype. 🖤 Nonetheless tons of analysts stay bullish on a potential major pump ahead.
The Possible Catalyst
The OG meme coin dipped well below 0.10 yet now sits above 0.081. This zone matters big time to analyst Ali Martinez who called it the lower mid-range boundary of a five-year parallel channel since 2021. He noted that Dogecoin has moved through long consolidation phases before bull runs so holding here might spark another parabolic move.
This marks his second DOGE take this week after he pointed out the Tom DeMark Sequential flashing a rare buy signal hinting at a rebound. That same tool nailed the early May drop from 0.113 down to 0.078. Trader Tardigrade and MikybullCrypto also eye upside with one saying Doge season is ahead while the other views these prices as prime accumulation. Mikybull even projected a massive rally toward a 2.50 all-time high which would demand a 360 billion market cap only Bitcoin tops right now. 🌑
Whales and More
Big holders are backing the bullish case after snapping up 200 million DOGE in one week potentially gearing up for the next leg up and pulling smaller players along. Exchange netflows show outflows outpacing inflows lately meaning folks are shifting to self-custody and easing sell pressure. 📈
Just another echo from the void by iconofsin.eth 💖
