Dogecoin Analysis Shows Promise Beyond $0.22 Amidst Whale Accumulation: $MAXI Next?

Dogecoin remains bullish, believe analysts, despite a 4% drop over the last 24 hours, suggesting a $0.22 breakout if momentum recovers in this Q4.

$DOGE lost its footing following October 10’s market crash, which vaporized $19B in leveraged positions, causing it to crash by 27.8% in just two days.

Since then, the coin struggled to regain momentum, but failed to consolidate in the green, partly because Bitcoin didn’t make it either. $BTC also failed to retain momentum above $115K on three different occasions and is now trading at $112.6K on a 2.46% 24-hour loss.

Despite this bearish performance, the market is confident in $DOGE’s Q4 performance and Maxi Doge’s ($MAXI) $3.8M presale could contribute to that.

Can $DOGE Reclaim $0.22?

$DOGE shows signs of a bullish tendency, which could support a push to $0.22 if momentum starts to build up.

Analysts like Trader Tardigrade go even farther than that, suggesting a price point of $0.248 in case of a breakout from the Symmetrical Triangle pattern.

But how is a breakout possible considering $DOGE’s rather bearish recent performance, which largely stems from massive sells? As analyst Ali points out, whales sold over 500M $DOGE over the past week.

The answer is that this is a problem of perspective. While some whales sold in bulk, others started their accumulation phase. As Onchain Lens noted, one whale wallet withdrew over 15M $DOGE from Binance, worth $2.95M. Only sold $1,450-worth of tokens.

This type of whale activity is usually a sign of consolidation in preparation for a coming bull phase and $DOGE’s chart performance shows exactly that.

With the coin now at $0.1936 and whales making massive moves ahead of the coming FOMC meeting, we expect a momentum buildup into November. A breakout above $0.20 could fuel a more consistent push to $0.22 and above.

The hints are there, especially with $DOGE’s 24h trading volume which is now 33.75% in the green. It was over 60% earlier today, suggesting increased investor movements. The price remained stable throughout, though, which means something big may be coming this week.

Long-term, $DOGE will likely break above $0.250, especially with projects like Maxi Doge ($MAXI) adding more flavor to the dish.

How Maxi Doge Makes Trading Fun

Maxi Doge ($MAXI) turns trading into a big boy’s game, where only the toughest can survive.

The Maxi Doge philosophy is simple and it fuels the entire ecosystem: retire at 22. There are no shortcuts, excuses, or barriers to overcome. Everything goes in a straight line with no plan Bs or safety nets.

This explains why Maxi Doge trades at 1000x leverage, buys green candles, and chases pumps while on a diet of Red Bull and Maxitren 9000.

Maxi Doge presents itself as the solution to moderate, lukewarm trading, and offers unhinged investing as the alternative.

The solution is in your face:

The presale has been doing very well recently, raising over $3.8M as investors took notice and started succumbing to the FOMO fever. $MAXI now sells at $0.0002655, which means this is the best time to invest, given the project’s potential and meme impact.

If $MAXI can replicate even a fraction of $DOGE’s 34,441% all-time ROI, we’re looking at a slam dunk.

Don’t take this as financial advice. Do your own research (DYOR) before investing.

Authored by Aaron Walker, NewsBTC: https://www.newsbtc.com/news/dogecoin-022-maxi-doge-soars