Dogecoin forming pattern
After the explosive growth, Dogecoin entered the expected consolidation at the top, with the price of the memecoin not moving in either direction. Since Oct. 29, the price of the asset has not changed in comparison to the pace we saw prior to it.With the volatility of the asset decreasing and the price moving sideways, DOGE is forming a new pattern that might become the cooldown it so needed prior to it. The ascending channel is not something you would usually see after a volatile price spike.
However, any kind of volatility decrease for Dogecoin is a positive factor that would give investors hope for the possible continuation of the rally in the foreseeable future. However, the price performance we are seeing today invalidates the formation we mentioned in our previous market review.investors are most likely waiting for an announcement of implementation of DOGE as a payment instrument on Twitter, considering Elon Musk's takeover.
However, Musk has neither confirmed nor denied using Dogecoin as a way to pay for account confirmation on Twitter. Unfortunately, if the social platform does not accept DOGE in the near future, it will most likely return to what it has been doing for more than two years: moving sideways with extremely low volatility, until Musk gives investors hope once again.
Why is the mediaa keeping thiss a secret?
Is there anything like it?