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Title: This Textbook Accumulation Cylinder Says Dogecoin Price Is Headed Above $3.2
The recent crypto market has been filled with mixed signals, but one thing is clear – the price action of certain altcoins is not to be ignored. In the case of Dogecoin (DOGE), a textbook accumulation cylinder is indicating that the price will continue its upward trajectory and potentially head above the psychological $3.2 mark.
This revelation comes as no surprise given the recent whale buying activity, which has already propelled DOGE’s value by over 30% in just the past few days alone. As seen on Tradingview.com, this trend is expected to continue, with many market participants taking notice and jumping back into the fray.
What’s behind this sudden surge? Well, as Kevin Capital notes, we’re entering a new phase of the monetary cycle, which typically sees altcoins like DOGE experience significant growth in tandem with Bitcoin (BTC) dominance reaching its peak. This macroeconomic factor will ultimately lead to the mass exodus from the top-10 asset, causing prices to skyrocket across the board.
It’s essential for investors to remain vigilant and not let short-term noise scare them off. In the long run, it’s crucial to focus on the bigger picture – which is a clear uptrend for DOGE and other altcoins alike.
Source: https://bitcoinist.com/dogecoin-textbook-cylinder/
