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Home»ALTCOIN NEWS»Top Trader Says Dogecoin (DOGE) Flashing Bullish Signals, Updates Outlook on AI-Related Altcoins
ALTCOIN NEWS

Top Trader Says Dogecoin (DOGE) Flashing Bullish Signals, Updates Outlook on AI-Related Altcoins

By Crypto FlexsMarch 4, 20242 Mins Read
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Top Trader Says Dogecoin (DOGE) Flashing Bullish Signals, Updates Outlook on AI-Related Altcoins
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A trader who called the end of Bitcoin’s (BTC) 2018 bear market says a momentum indicator is showing bullishness for the top meme cryptocurrency asset, Dogecoin (DOGE).

The Dogecoin vs. Bitcoin pair (DOGE/BTC) is sending strong bullish reversal signals on the weekly chart, pseudonymous analyst Bluntz told his 242,300 followers on social media platform

“I was avoiding DOGE because I didn’t think it would do anything near the multiples I thought WIF would. however… That’s a loooooottttt of the weekly strength difference for DOGE/BTC.

I might end up having to buy a bag.”

source: Blunts/X

A bullish divergence is often a sign that the strength of an asset is starting to gain momentum even while the price trend is downward or sideways.

As of this writing, DOGE/BTC is trading at 0.0000023 BTC ($0.14).

Analysts are also closely watching the underlying asset of Filecoin (FIL), a decentralized storage network. According to Bluntz, it is still early days for FIL as altcoins trade within multi-year accumulation ranges.

“Finally we are starting to see the beautiful daylight candles again at FIL.

“Overall, even though it has gone up, there is still a huge accumulation range, and it is definitely still early days on this one.”

video
source: Blunts/X

As of this writing, FIL is valued at $9.05, up more than 9% over the past seven days.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you are responsible for any losses that may occur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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