Analysis of the altcoin Dogecoin (DOGE)



The meme coin is forming a large symmetrical triangle. The last week of August will be critical as the price approaches the top of the triangle, and a breakout will confirm the next trend. Crypto analyst KALEO predicts that DOGE may make a bullish breakout this week.
His forecast aligns with the expectations of many investors who are looking forward to the altcoin season next month. If DOGE rises above $0.25 this week, short liquidations could exceed $200 million. However, if DOGE falls below $0.20, long liquidations could exceed $170 million. Currently, the volume of short liquidations surpasses that of long liquidations. The 6% pullback of DOGE on August 25 weakened previous bullish sentiments.
DOGE4.31%
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Sakura_3434vip
· 16h ago
HODL Tight 💪
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