Is It Too Late to Buy Dogecoin as DOGE Pumps Up 20% in 30 Days – Will DOGE Reach $1 This Year? | Keyword Financial

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Is It Too Late to Buy Dogecoin as DOGE Pumps Up 20% in 30 Days – Will DOGE Reach $1 This Year?

Apr 6, 2023

By Joel Frank | @joel-frank

In wake of Dogecoin’s (DOGE) latest Twitter logo change fuelled pump, some investors are asking whether it now might be too late to buy the Shiba Inu dog meme-inspired cryptocurrency.

For short-term traders looking to jump in and out of the market quickly, the answer may be yes.

Dogecoin saw a perfect technical set-up for a short-term pump from under $0.08 to $0.10 in late March/early April when the cryptocurrency broke above a downtrend that had been in play going all the way back to last November.

The price jump catalyzed by Twitter’s logo change to the Dogecoin logo saw the cryptocurrency quickly rally to its short-term target (at $0.10).

Dogecoin has since eased back to the $0.09 area, a sign that the easy short-term gains have now been achieved.

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Short-term speculators who missed the latest pump may have thus left it too late to make quick easy gains from Dogecoin.

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