Dogecoin price is currently trading around $0.2599 as at the time of writing this article. You must have heard of the explosive moves made by dogecoin earlier in April to May 2021. Shocking stories went viral on social media of how young teens made millions from dogecoin price rally to $0.73 from previous price of $0.0046. Dogecoin news spread of the Wow memecoin was adding billions to holders like Elon musk (CEO of SpaceX and Tesla Autos).
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If you missed that 1st opportunity of buying some dogecoin when price was still trading of $0.0046 support area, I might just have a good news for you…You are not too late!!
Ones again, The same strong ” BUY ” Signal that flashed on dogecion in April 2021, is ones more flashing again on Dogecoin now in Nov 2021, If you have a second chance to become a millionaire, will you take it?
What is Dogecoin And Why You Should Consider Buying More At The Current Dogecoin Price Of $0.2599
Software engineers Billy Marcus and Jackson Palmer created Dogecoin in late 2013. Palmer branded the cryptocurrency’s logo using a meme popular at the time that featured the deliberately misspelled word “doge” to describe a Shiba Inu dog according to forbes.
Dogecoin price having exploded in value and gained more than 5,000% in 2021, same signal is flashing buy that can lead to massive profit. This altcoin shows high odds of gaining over +1000% before the end of Jan 2022 in my opinion.
Daily chart is currrently trading around a strong support area between $0.26 to $0.22. This is the major support area flashing this buy signal, Watch the video above to get a better visual explanation of the chart.
It is most likely that the current sideways choppy market move on dogecoin and it is likely that breakout is near by. The odds are pointing that the buyers are currently having signs of more money force entering the market than the sellers taking money off the market. The current sideways price movement is caused as a result of equal money force of both buyers and sellers, thereby leading to an equilibrium. If price must move, one party money power force must over power the other to cause a breakout or a breakdown. Dogecoin buyers are currently showing increase in the money force entering the market as of Nov 4, 2021.
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Dogecoin price prediction shows that 1st quarter of 2022 will favor dogecoin holders and traders base on pure price action. the current support with double bottom bullish pattern shows high odds of buy power on both daily and weekly chart below
The chart above shows clear double bottom and possible change in market structure even though there is yet to be any changes in price movement as price continue to stay in sideways. swing lows and swing highs get easily broken in a sideways market but in dogecoin situation we see dogecoin price has continued to respect previous buyers trendline on higher timeframe like weekly and daily chart and its no coincidence that the current market swing higher lows are forming directly on the buyers trendline thereby forming a bull market structure with lows but the market is yet to show any new higher highs. Currently price is still much showing a bull pressure growing as price keeps hitting the resistance at $0.3, one more attempt is likely to make way for buyers to conquer that resistance.
Ones this resistance are is conquered, I do see dogecoin price rallying quickly back to attack the $0.73 resistance area. I do see a reaction ones price gets to this price area, a slight pullback to retest breakout at $0.38 after which I do see a possible strong rally next t0 $0.93 if not $1.
Why Dogecoin Can Make You Rich in 2022
Buying dogecoin at the currently price range of $0.26 on or before the end of Nov 2021 can lead to a massive profit return of close to 3000% by end of Jan to beginning of Feb 2022. You stand to multiply your capital by 3x or more as price eventually hit $0.9 Always consult your financial advisor when investing into cryptocurrency as crypto is know to be a highly volatile market. If you do diligent research, You chances of changing you life with this opportunity is beyond words but also remember that this is not a financial advice. But buying Dogecoin at $0.26 to target $0.9 sound like a dream come true to all those who missed the first pump.
Chances are high that ones price leaves the current support, it will take a long time to see dogecoin price worth $0.3 again.
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