After a double bottom DOG broke down the major support level of $0.002 hitting an ATL of $0.001
DOG is heavily being manipulated by the same wallets on Magic Eden (CEX) that keep selling.
RSI shows signs of DOG being heavily oversold.
If DOG loses $0.001 we could go all the way down to $0.005 and nobody knows where the bottom is. I will place buy orders between $0.008 and $0.005.
Fundamentals on DOG are still strong:
- Largest memecoin on Bitcoin
- DOG did 8 billion volume in a year without T1 listings
- No T1 listings
- Project total domination (expansion to multiple blockchains)
- Various projects are being build to improve Bitcoin memecoins trading (backed by draper / coinbase ventures)
- Bitcoin defi still a very young ecosystem
- If we compare DOG to memecoins on SOL and ETH, it should be valued at least between 1 and 3 billion market cap.
Macroeconomics look bad for the short term so it offers a lot of opportunity to wait in stables and accumulate DOG for a bargain.
DOG is heavily being manipulated by the same wallets on Magic Eden (CEX) that keep selling.
RSI shows signs of DOG being heavily oversold.
If DOG loses $0.001 we could go all the way down to $0.005 and nobody knows where the bottom is. I will place buy orders between $0.008 and $0.005.
Fundamentals on DOG are still strong:
- Largest memecoin on Bitcoin
- DOG did 8 billion volume in a year without T1 listings
- No T1 listings
- Project total domination (expansion to multiple blockchains)
- Various projects are being build to improve Bitcoin memecoins trading (backed by draper / coinbase ventures)
- Bitcoin defi still a very young ecosystem
- If we compare DOG to memecoins on SOL and ETH, it should be valued at least between 1 and 3 billion market cap.
Macroeconomics look bad for the short term so it offers a lot of opportunity to wait in stables and accumulate DOG for a bargain.
Note
Targets $0.0008 - $ 0.0005Might even go low as $0.0003
All these zeros lol
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.