Sun 12 Jan 2025 ▪
5 min read
▪
by
Luc Jose A.
Dogecoin is going through a decisive phase. For several days, its price has been fluctuating around $0.33, a key level that attracts the attention of analysts and investors. This threshold relies on a major support line, seen as a bulwark against a possible more pronounced correction. So far, DOGE is holding steady, but for how much longer? According to Trader Tardigrade, a closely followed analyst, the crypto may be finalizing a "selling climax bottom," a technical structure that often precedes a bullish reversal. However, if this scenario is confirmed, it would mark the end of the correction and pave the way for a significant rebound. Meanwhile, whales are heavily accumulating tokens, which strengthens the hypothesis of an imminent recovery. For DOGE, the stakes are high: maintaining its support and initiating a bullish trend before the market changes direction.