FOMO

Dogecoin

Rekt

<p>Dogecoin, the meme-inspired cryptocurrency, has seen a sharp rally over the past week, according to prominent market analyst Rekt Capital.</p>
<p>In a recent <a href="https://twitter.com/rektcapital/status/1717472992295321783?t=yDyUPnWFAc8ydpR6aHYAEg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">tweet</a>, Rekt Capital noted that Dogecoin (DOGE) has climbed 29% from its recent channel bottom. The analyst, who has over 361,000 Twitter followers, highlighted that DOGE appears poised for a breakout past the top of its current trading channel.</p>
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<p>“Moment of truth for DOGE,” Rekt Capital wrote. “FOMO wicks have happened. So Weekly Close above the Channel Top would be a great contributing sign towards performing a breakout.”</p>
<p>FOMO (fear of missing out) describes panic buying from traders afraid of being left behind during sudden price spikes. According to Rekt Capital, these FOMO-fueled “wicks” in Dogecoin’s chart signal surging interest in the asset.</p>
<p>If Dogecoin can close the week above its channel top, it could confirm a major breakout and rally to new highs. However, the analyst cautions there are no guarantees, stating it’s a “moment of truth” for the highly speculative cryptocurrency.</p>
<p>Nonetheless, Rekt Capital’s analysis suggests Dogecoin’s pump could have further to run. The digital token, which originally started as a joke, has seen its price stagnate for most of the year. A breakout could signal DOGE’s bullish momentum is returning.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/dogecoin-could-breakout-if-this-happens-moment-of-truth-for-doge/">Dogecoin Could Breakout If This Happens – ‘Moment of Truth’ For DOGE</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Dogecoin Could Breakout If This Happens – ‘Moment of Truth’ For DOGE

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