#DOGE/USDT is up 123% already. It's just getting started!

29 Okt

I posted about DOGE on August 9th when it was trading around $0.104, recommending an accumulation zone on the chart. The trigger zone was set at $0.11, and DOGE has since broken above long-term resistance, retesting the new support level for weeks.

If you bought the dip, you're likely seeing around a 123% profit from the low. Even if you didn't catch the exact bottom, most are sitting on 70%-90% gains, depending on the entry.

Here's why I believe DOGE can still perform well and possibly reach $1 in the coming days:

1. **Breakout Retest:** DOGE has broken out of its long-term accumulation channel and is now retesting that breakout.
2. **Weekly Doji:** A strong weekly Doji recently formed, suggesting increased buying pressure.
3. **Elon Musk Factor:** Musk could push DOGE again, potentially after this year's U.S. presidential election.
4. **Key Moving Averages:** DOGE is trading above the 200 EMA and is holding above the 100 EMA, signalling strength.
5. **RSI Indicator:** With an RSI around 55, there’s still plenty of room for growth.
6. **MEME Coin Season:** MEME coins, led by DOGE, are thriving this season, and the next bull run could further boost DOGE.
7. **Bullish Indicators:** Several technical signals suggest a potential bullish move.

My Plan: I’m holding DOGE on spot for the next 6 months and accumulating on any dips.

Remember, this isn’t financial advice. Do your own research before making any decisions.

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What do you think—can DOGE 5x from here, or is it just hype? Let me know your thoughts, and hit the like button if this was helpful!