NFT News Today TheBittimes.com

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Dogecoin (DOGE) is currently sitting at $0.16 and has been on a bearish streak in the past month, falling over 25%. Several analysts are scrambling for signs of a rebound for the top meme coin. One analyst suggests that DOGE’s six-month consolidation is a coil, not a coffin, and a breakout will come in just a matter of time. Indeed, pseudonymous crypto analyst Cantonese Cat has shared multiple time-frame evidence to argue that the meme-coin’s next directional break will be up, potentially as far as $4.13 before the current cycle ends. The analyst suggests that Dogecoin’s price has slipped from last autumn’s spike and then “done nothing for months.” Yet such fatigue is precisely what bull-market retracements are meant to produce: “A lot of people are getting bitter about Doge … that’s exactly how higher highs and higher low type situations are supposed to get you all frustrated. This is still a bull trend until proven otherwise.” Should volume arrive and price claw back thro...