Investing in Dogecoin is showing signs of consolidation, with Bollinger Bands tightening, indicating a potential price squeeze. The current market sentiment index sits at 61 (greed zone), meaning traders are positioning for possible upward volatility if macro market confidence improves. Investors should instead look to cryptos with a proven track record of value and projects with innovative technology. Bitcoin and Ethereum are much smarter plays. . It deserves credit for building a strong community of supporters that has driven its The trend for investing in Dogecoin has shifted towards cautious accumulation, as whale wallets added approximately 150 million DOGE in the last 72 hours. With Bitcoin stabilizing above $65K, crypto-correlated assets could gain momentum. A breakout above $0.082 may trigger momentum-based buying among retail investors.
