Dogecoin's long-term trend. Dogecoin has experienced three bull markets. In 13 years, 17 years and 21 years, each wave of bull market can usher in hundreds of times of increase. If this wave is calculated from the low of 312 to the previous period The highest increase was nearly 550 times. It peaked in May this year and ushered in this wave of major adjustments. The adjustment range was as high as 80%. However, it still has not broken the long-term upward channel trend line that was broken in the previous period. It was the first time to touch and usher in an adjustment in February this year. After the adjustment, the strong breakthrough rushed to the peak of May, and the low point was adjusted to the peak of May. It rose 17 times. The previous two waves of bull markets peaked and fell on this trend line, so the suppressing and supporting role of this trend line is More important.
Compared to 17 years, Dogecoin also ushered in a wave of highs and declines in mid-May, and then adjusted to the lowest point in September. This wave of adjustment was as high as 84%, which is larger than this year. , Dogecoin stabilized and bottomed out, and ushered in a second outbreak and new high after the gold cross of the lower indicator line. This time the low point was adjusted to the ultimate bull market top and rose 28 times.
At present, the key trend line below has not broken, and the indicator fast line has begun to turn upwards. There is also a golden cross opportunity behind, and the RSI has fallen to a similar support area for the large-scale adjustment in 17 years, so after brewing, it is not ruled out that there will be a second outbreak Possibly, it will take some time to get away from Jin Cha. After the recent oversold rebound is completed, there may be a second dip, which may be a good low-sucking opportunity.
lol, write an argument as to what makes DOGE stand out better than other coins and why it should prevail in the long run. I'm curious to see if you can find an argument at all.