Top cryptocurrency traders say until March 24, please hold Dogecoin, expecting “a nice pump:”
A widely concerned cryptocurrency trader plans to stick to his own Dog Doge/USD Until March 24, the world’s largest meme cryptocurrency is expected to have a large pump for value.
what happened: Chandlerfamously analyzing chart patterns and predicting the next moves of cryptocurrencies, shares their investment strategies for Dogecoin.
“March 24 is the 0.236 FIB time zone. Historically, it shows the pumps of Bitcoin and the Governor,” the trader said.
Chandler had previously predicted that the “best time” to sell Doge is a week or two after spanning the 0.236 FIB time zone.
The Fibonacci time zone is a vertical line that shows possible swings, lows or reversal points on the chart. They are time-based indicators, and the vertical lines correspond to the Fibonacci sequence.
Ali MartinezAnother influential cryptocurrency analyst predicts that a surge in key chain indicators such as daily activity addresses, trading and whale activity could “send” new multi-gate starts.
See: Now his $775 million Bitcoin fortune is buried in a landfill and now wants to buy a garbage dump
Why it matters: However, bullish forecasts are in sharp contrast to bearish signals from certain popular technical indicators.
According to TradingView data, the moving average convergence difference compares the two exponential moving averages, which flashes Doge’s “sell” signal.
Furthermore, almost all index and simple moving averages imply “strong sell”.
In the derivatives market, things are also bearish. According to Coinglass, as of this writing, more than 50% of Doge futures traders held short-term positions.
Price action: At the time of writing, Doge’s exchange was $0.2523, down 6% in the past 24 hours, according to Benzinga Pro. Year to date, coins have fallen by more than 22%.
Image via shutterstock
Read the next article:
Market News and Data Benefits to You by Benzinga API
©2025 benzinga.com. Benzinga does not provide investment advice. all rights reserved.
