DOGE lots of social media promotion price remains sideways

After the big run up and also the price jump to $0.08 Dogecoin price remains sideways. Lots of promotion, lots of social media interaction with overwhelming promises. One of the main stars Anus supporters of Dogecoin is Tesla’s Elon Musk. Other popular icons have also jump on the DOGE ride, Snoop Dogg and DOGE investor Jean Simmons from KISS. Price seems too climb momentarily then drops to $0.05 at times as low as the $0.04 levels. Many companies are adopting Dogecoin as for of payment and others promising to adopt DOGE as payment option as well. Dogecoin does not seem to be following Bitcoin or alt coins. Today’s chart shows the 4-hour, daily in bullish momentum.

Many still down or do not take Dogecoin as a serious crypto. We should remember Dogecoin was in the $0.002 level November 2020, a 2,000% yearly price jump before the huge run up to $0.08. Also Doge has climbed 16,500% in the past 5-years. I expect to see this coin passing $0.10 this year. If Bitcoin moons past $100K then expect Doge to possibly climb to $.25

My personal analysis: I’m expecting to see bullish momentum. I also consider Dogecoin a long-term hold.

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Dogecoin has reached $0.57 support levels it has been trading these last weeks after the $0.08 climb. Unfortunately we are in the level of unknowns. Graph is showing good bullish momentum on the 30 minute, 1-hour and even the daily. Thou Doge direction TA has fooled us before. This time around Doge can break out past $0.06.

Leave a comment if you believe DOGE is headed a different direction.