Dogecoin is Ready to Rally
The Dogecoin (DOGE), a meme coin, is adding only 2.0% to $0.0830 this week. This is very low considering that the Bitcoin added 7% to $51,725. The meme coin added only 5.0% in February compared with a heavy 22.0% made by Bitcoin this month.
Whale Alert tracker signal that the upside bets are growing. An unknown whale withdrew 350 million DOGE from Robinhood. The open interest in the meme coins is sharply up. It looks like somebody is getting ready for a rally in DOGE.
From a technical perspective the toke is consolidating close to the support at $0.0750 during the last six weeks. The support looks solid. So, the likely scenario for DOGE is to climb towards $0.1000.
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