Dogecoin Analysis Shows Promise Beyond $0.22 Amidst Whale Accumulation: $MAXI Next?

Dogecoin eyes breakout above $0.22 as whales tune in to create sustained momentum.

KEY POINTS:

➡️ Dogecoin’s 24h trading volume is up 75%, suggesting sustained support and hinting at an imminent breakout.

➡️ A price point of $0.22 is likely during this Q4, but analysts like Trader Tardigrade go as high as $0.248 based on $DOGE’s ‘Symmetrical Triangle’ pattern.

➡️ Dogecoin’s real-world utility keeps expanding, as House of Doge becomes the majority stake owner in an Italian soccer team.

➡️ Maxi Doge’s ($MAXI) presale is set to explode if Dogecoin recovers the ground it lost following the market crash on October 10.

Dogecoin is currently down 3.25% after reaching a high of $0.2088 on October 27, but chart indicators suggest a potential comeback.

The 24h trading volume, which is up 75%, is one indication that $DOGE is seeing sustained support. This comes after whales sold some 500M $DOGE over the past week, which is at least partly responsible for the coin’s contraction below $0.20.

Despite the downfall, analysts support a bullish narrative, with Trader Tardigrade being one of the most vocal among them. As the analyst shows, $DOGE is planning a breakout from the Symmetrical Triangle pattern, which targets a price point of $0.248.

A bullish performance would also bring more eyes on projects like Maxi Doge ($MAXI), Dogecoin’s unhinged stepbrother, who chases pumps, buys green candles, and trades with no safety nets.

Is Another $DOGE Breakout Next?

$DOGE shows a lot of potential moving into Q4, but it’s unlikely to claim and hold $0.22 without Bitcoin’s support.

Right now, Bitcoin trades at little over $113K after a month marked by October 10’s market crash, which erased $19B in leveraged positions virtually overnight.

Bitcoin and Ethereum lost 11% and 13% respectively, in a matter of hours. Dogecoin crashed from $0.2507 on October 10 to an abysmally low $0.1883 by the next day, representing a 24.8% contraction.

Since then, $DOGE has been unable to recover its lost ground, but neither has Bitcoin. $BTC managed to pop its head above $115K three times since October 10, but failed to retain momentum for more than a couple of hours each time.

That being said, $DOGE shows great potential going forward, and it’s not just Trader Tardigrade’s Symmetrical Triangle pattern that hints at that.

The growing adoption cycle is perhaps the clearest indicator that Dogecoin is only going to go up. CleanCore’s treasury of 710M $DOGE speaks volumes to that.

Beyond merely accumulating 1B $DOGE, the cleaning and disinfecting company aims to expand the coin’s real-world utility as well.

The Dogecoin Foundation also plans to expand $DOGE’s real-world utility after the House of Doge became a majority stake owner in Italian soccer team, Triestina.

Marco Margiotta, CEO of House of Doge, declared at the time that:

The CEO of CleanCore Solutions, Clayton Adams, applauded the decision, while noticing that Dogecoin is ‘evolving into a practical, trusted form of payment within established industries’.

This shows that $DOGE has a lot of room to grow, and the next cycle could deliver another ATH, hopefully by the end of the year.

Maxi Doge’s emergence could also help by mobilizing and motivating a new type of investor: the risk-taker.

How Maxi Doge Makes Trading Fun and Rewarding

Maxi Doge ($MAXI) is what Dogecoin could’ve become if it had pulled out all the stops.

Unlike $DOGE, Maxi Doge only buys green and trades on 1000x leverage with no stop loss, safety nets, or decency.

His unhinged behavior is the result of chugging Red Bulls around the clock, topped off with a scoop of Maxitren 9000; the breakfast of champions.

Maxi Doge’s philosophy is simple: retire at 22. No plan Bs. It’s all about trusting the madness and pushing ahead; each trade is a YOLO entry, each failure is a reason for another push.

The project relies solely on raw meme power, just as Dogecoin did initially. However, just as Dogecoin is rapidly evolving its real-world utility, so too could Maxi Doge. Find out more about what’s to come in our What is Maxi Doge guide.

The presale is now at $3.8M and growing fast on the back of Maxi Doge’s aggressive meme narrative and the influx of degen investors.

Can you go full Maxi Doge? Get your $MAXI for just $0.0002655 from the official presale page today.

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