I think that Doge is getting very good attention, especially if it comes from a sponsor like Elon Musk, at any moment a huge pump can be produced, I am sure that many traders have bought Doge in a stealthy way to wait for the impulse that it can provide through of Elon, however yesterday and today some bulls expect a good outcome with the help of a Bitcoin bullish rally, this would totally boost confidence and make Doge have more acceptance and not be seen as a meme.
This article give technical specifications of value for the coin:
If Doge reaches a value greater than or equal to 1 USD I think the whole world of cryptocurrencies would go crazy, although everything is possible in the market. This is presumed to be Doge's first goal.
If you look at the chart that you display, I think the uptrend still dominates, but for day traders you have to be careful, because it is possible for a correction to occur and it could reach your horizontal line area. especially with fundamental analysis as you explain, I think the future will be better This article give technical specifications of value for the coin:
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Alternatively, if the bulls flip this level into support, the pair may again try to rise above $0.69. If that happens, the rally may extend to $0.84 and then $1.
Source: https://cointelegraph.com/news/price-analysis-5-5-btc-eth-bnb-doge-xrp-ada-dot-ltc-bch-uniIf Doge reaches a value greater than or equal to 1 USD I think the whole world of cryptocurrencies would go crazy, although everything is possible in the market. This is presumed to be Doge's first goal.
The second pump wave is insane. How many traders sat in front of their screen and thought they screwed up when the first dip happened. And then it starts all over again and goes even more nuts. That's a lot of money that has been sucked up by DOGE and the volume seems to be quite healthy, but once the volume goes down, oh oh who knows what's going to happen.