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Dogecoin ‘Looks Incredible Here,’ Says Crypto Analyst — Here’s Why

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Dogecoin ‘Looks Incredible Here,’ Says Crypto Analyst — Here’s Why - NewsBTC

Quick Summary:

Related Reading: Dogecoin Bounce Expected By Analyst Who Called Bitcoin Bottom Beneath the price action sits the WaveTrend Oscillator (WTO), a momentum indicator closely related to the TSI that measures the distance between an asset’s price and its own smoothed values.

Dogecoin has spent the better part of three years digesting its 2021 blow-off-top, yet the popular meme-coin may be about to leave the consolidation range behind, according to a fresh weekly chart shared on X by the pseudonymous analyst Maelius (@MaeliusCrypto).

Respecting major demand area, EMA200 as well as diagonal support and it seems like 1,2,1,2 is completed and now we head for 3rd EW (within larger 3rd).1W WTO recently crossed, which is also supportive of bottom being in.” At press time, DOGE traded at $0.18445.


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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 01:00:47 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 554 words

Reading Time: 4 minutes read

Sentences: 71 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 28502941

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 5 posts per day

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News Last Updated: 13 hours ago

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