The popular memecoin DOGE sets up a potential bullish move

Those who follow my blog know that in recent years I have focused my thematic line in analyzing and sharing information on the behavior of the price action specifically of Bitcoin as the main cryptocurrency by market capitalization, now that does not imply that I do not develop content on the behavior of other cryptocurrencies.

As you may well know, DOGE "has been the favorite of many within the crypto ecosystem, having such important defenders as Elon Musk, many even believe that it should no longer be classified as a memecoin and should be given the corresponding weight in the market".

In information disclosed by Katha Jimenez, "beyond the opinions that many may have, the market today positions DOGE as the 8th most valuable cryptocurrency in the market, with a market capitalization in excess of $22 billion at the time of writing."

Jimenez continues indicating that, "within the market evaluations that can be had around this currency, there are traders who believe that it may experience a bullish movement in the coming days".

In the opinion of the most advanced traders, when it enters this certain zone there is a greater probability that the asset will initiate an upward movement in its prices, which is why it is considered a good point to acquire the asset in question.

Cointelegraph. DOGE could start an upward movement, say experts. Link

The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph