KEY POINTS:
Dogecoin’s 24h trading volume is up 60.83%, suggesting sustained support and hinting at a breakout soon.
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 ready to explode if Dogecoin regains the ground it lost after October 10’s market crash.
The coin is down 3.07% right now after getting to $0.2088 on the 27th, but chart indicators suggest a comeback.
The 24h trading volume, which is up 60.83%, is one of them, suggesting $DOGE is seeing sustained support. This comes in the context of whales selling 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 in this sense. 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 step brother, who chases pumps, buys green candles, and trades with no safety nets.
$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 itself crashed from $0.2507 on October 10 to an abysmal $0.1883 by the next day; a 24.8% contraction.
Since then, $DOGE couldn’t recover its lost ground, but neither did 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 for this Q4 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 up. CleanCore’s treasury of 710M $DOGE speaks volumes to that.
The cleaning and disinfecting company not only plans to accumulate 1B $DOGE, but 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 Italy’s soccer team US Triestina Calcio 1981.
Marco Margiotta declared at the time that:
Our investment is about proving that digital assets can drive real-world value, culture, and passion. Football provides the ideal stage to demonstrate how decentralized communities can create sustainable impact.
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 $DOGE has a lot of room to grow and the next cycle could give us another ATH, hopefully by the end of the year.
Maxi Doge’s emergence will also help in this sense by bringing in a new type of investors into the industry: the risk taker.
Maxi Doge ($MAXI) is what Dogecoin could’ve become if it weren’t bound by common sense and reason.
Only a mother can love this doggo and accept its deviant trading strategies, which tend to go against the grain a lot. 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, one can after each scoop of Maxitren 9000; the breakfast of champions.
Maxi Doge’s philosophy is simple: retire at 22. There are no plan Bs. It’s all about trusting the madness and pushing ahead; each trade a yolo entry, each failure a reason for another push.
The project rests on pure meme value right now, but so was Dogecoin at first. Now we see it evolving its real-world utility at a rapid pace, which could prompt Maxi Doge to do the same.
The presale is now at $3.8M, with $MAXI sitting at $0.0001655 and is growing fast.
The potential is undeniable given Maxi Doge’s aggressive meme value and the rampant investor immigration, which allowed the presale to explode.
You can purchase your $MAXI from the official presale page today.
