a trend is somehow natural and good. it reflects the REAL value of a coin (even is it just means how much it is liked), but that jump from 30 -> 275 was NOT natural. It was because someone pumped a huge amount of money into the market, buying all the doges. Because of the low volume at that time, it was easy to do that. what happened? all the small shibes were trying to get on that "train" and they were just driving the price up. and then, after it was high enough, the pumper sold again, making the price drop but with a nice profit.
This will now happen maybe a few times more, until noone wants to buy anymore, then the sellout starts. Since the first pump, a few more big players entered the game. and thats what i dislike. i want a price which is reflecting the real value, not a pumped one. the market is NOT safe at this point for new ppl, because noone can predict what will happen.
The one week chart shows a slow build up, to the high point at which the price was unsustainable without some level of consolidation. A major price move needs consolidation, and a 50% retrace (down to 150) did occur, which how it works with all stock or forex moves.
If it were not for the community, the high number of transactions, the price action and the global media coverage then I might have agreed with you.