Dogecoin (Doge) Full Price Prediction – Is DOGE Ready To Pop???
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All right doge is setting up very nicely on the technical side of things I want to talk about that right now because it looks like doge is challenging these critical levels that I talked about in the previous videos and we’re going to get into those levels right now what
I’ve got right here is the daily chart something very interesting about the daily chart is well let’s just start here this is a critical level for Doge it’s about roughly 86 87 to 89 we’ll say now uh don’t worry exactly about the numbers it’s an art
It’s not a science as you can see even here there’s different highs and lows during a day uh This Bar candle ended here this one ended here this one ended here it’s all three within the same range but that just means that the market reacts whenever price gets to
This level and how does it react apparently people and those who develop algorithms both think this is an important area and they sellers think if price gets to this it is going to be a good value so they’re going to sell and it pushes the price down that’s
Generally what this Wick means price got so high sellers came in and pushed the there were more sellers than buyers and came in and pushed the price down until price got here and we found equilibrium same thing here that’s why these support and resistance zones or liquidity areas
Whatever you want to call them or so important it’s because people watch these levels and this level is important on Doge I’ve zoomed out you can definitely see it contained the this uh swing high back in November price got to it the market reacted pushed price down absolutely broke through it after
Wrestling here on it for this for this day uh this red day right here wrestled and then absolutely broke through it and literally the next day the market tested it again and the market reacted reaction reaction reaction breakthrough reaction breakthrough and now we’re reacting around it again and we’ve got these bars
Right here that are very Wicky it’s kind of indicator of this indecision I made a video I guess it was about two days ago two or three days ago now where I was talking about these bars here and the market did fall but over the last two
Days we’ve gone right back up to push and try to break through this Zone which means there is resilience in do right now however you’ll also see this blue coin blue coin blue line going down it is a resistance line a downward Trend resistance line and let’s look at where
That comes from I’m going to the weekly on Doge you can see this line is at the uh top of the Wicks on these days on these weeks going way back in what’s that November 2022 this one in April of 2023 and it’s got had an equivalent bottom that is matching these Wicks
Again way back in 2022 and this just shows a lower low and lower high progression which is the definition of a downtrend and that’s why we have this blue line here we have wrestled with this blue line for some time even after this runup in October November and
December we hit this high and then went right back down into this downtrend and we’ve trying to we’ve been trying to convincingly break out of that downtrend ever since if I move this here let’s see if I can get this out of the way the circle now again I’m on the
Weekly chart you can see as of right now we are out of this downtrend now this week just started this weekly bar just started less than 24 hours ago so we can’t put any faith into this because obviously price could fall down this could turn into a red bar and we could
Close down here which would just show that that downtrend is still a powerful obstacle on the the other hand we could see a week do something like this go out close Above This 09 and we could say at least for that point we have broken out
Of the downtrend so that’s why we are battling right here in doge is because we’ve got two very critical areas that doge is trying to get above and we will claim no small victory until we can get above and close above 09 and even then it would be a small victory because as
You can see we could get above it and close back down we don’t want to do that obviously but we won’t even consider claiming victory until we can get above this level here now I do want to show you something about the altcoins and the market for altcoins alog
Together this is someone that I uh follow on Twitter wed capital is his handle he deals with altcoins in the crypto Market I follow him he’s a very good follow we’re looking at a chart here it’s a weekly chart and let me tell you what it is it’s the crypto total
Market cap okay so that’s all of crypto excluding the top 10 okay so if I go to coinmarketcap.com I can see what the top 10 coins are based on total market cap of course Bitcoin is number one with 52 to 53% of the total crypto market cap uh
So this this chart that we’re about to look at again excludes the value of Bitcoin ethereum all of this salana xrp cardana Etc it excludes those why because this chart focuses on the market cap for the smaller coins 11 and I guess all the way down to whatever uh coins
Are on trading view okay so the point is we’ve been seeing a steady rise in the value of altcoins since back probably this is probably October when we started the crypto run and we have over the last 3 weeks broken even higher out of this Zone that we were wrestling with and his
Position is we’re just going to continue to go up over time well that’s good news for all of altcoins actually I do think now that I mention it I think doge is in the top 10 it is so this this um chart would actually exclude Doge but the
Point is still the same since doge is an altcoin uh the fact of the matter is he’s expecting altcoins to rise in value which well duh I mean like we see that but not only is it eight duh we can see the data behind it and we can see
Literal literal uh real time reflection of that move it doesn’t have to be a just duh that’s going to happen it’s a how much and when and we can watch it happen as it happens together and it goes back to this um saying Rising tide lifts all boats
Something kind of like that with all this money flowing into Bitcoin like we’ve been seeing over the past two and three weeks right well after these ETFs were approved back in January and we’re getting hundreds of millions of dollars flowing into Bitcoin and it’s pushing these prices up that money is going to
Continue to flow through altcoins as well as as long as money is flowing through crypto these altcoins are going to get some residual effect of that and some get more than residual effect some like vet can break up and increasing 40 to 50% and just a matter of a few days like
Vet did last week I I kind of liken it to a rotating what is a conveyor belt we’ve got all these altcoins sitting on this conveyor belt right not that conveyor belt this conveyor belt this conveyor belt and these altcoins are sitting here we got Doge vet Ada salana whatever we got
These coins here and we kind of rotate through and they just kind of rotate and and then on almost randomly on occasion somebody will take one of these altcoins and throw a couple million 100 million I don’t know how much they throw at it I’ve never been
Around that much money throw that much money into these altcoins and you get charts that look like this right and they just explode for seemingly no reason at all well doge is one of those coins y’all seen Doge move y’all know that as long as there’s literally millions and billions of dollars flowing
Into Bitcoin every week that one of these coins could get picked up and Doge might be the one or dot might be the one or madic might be the one it doesn’t matter the point is you got to be in the game to play you
Got to be in the game before you’ll see any of those gains and so you’re probably in Doge right now if you’re watching this video if you’re not in some cryptocoin I do highly suggest you get into it uh fairly soon because the value of these coins are just going to
Continue going up in 2024 I did want to show you how to get to this as well it’s kind of interesting and trading view uh type in crypto uh what was it total market cap and there’s different ways you can see these like you can see all of the
Total market cap for all coins you can see the total market cap excluding Bitcoin and ethereum or excluding Bitcoin and this is the one he’s looking at um Rex capital is looking at he’s looking at others and it is this that’s not what I wanted to do that was a
Compare I happen to have a pulled up here this is the same chart except he was on the weekly so this is something you can go to and watch at any point it behaves similarly uh it tends to follow technical analysis it tends to follow higher highs and higher lows and
Support and resistance and Fibonacci and all of that it’s funny how the market Works in math seemingly seemingly we see these patterns over and over and over again and we don’t even realize that we’re producing those patterns but we are and look at we’re right here at the
Top right now that looks look like a beautiful close last week and setting higher for an even bigger run for these altcoins so I think Doge if you got altcoins increasing in value and Bitcoin increasing in value yep it’s just a matter of time for those going to break
This level of 09 and Carry On Up I do believe all right I will go now while I get rid of my conveyor belt uh graphic and youall have a good day and
