As CoinDesk analyst Glenn Williams wrote, DOGE’s price fluctuations seem to stem from the power of Musk’s personality and a passionate dogecoin community than the macroeconomic indicators that have been influencing bitcoin, ether and other major cryptos for months. DOGE’s rise may correlate with excessive liquidations and a likely short squeeze, and the token may offer a shorting opportunity, Williams wrote.
Dogecoin Appears Headed for a 'Golden Cross'
A DOGE price pattern that presaged the early 2021 surge looks set to recur. Source link