I though 0.0000011 was the bottom, but we had another drop all the way to 0.00000088, just right above 0.0000008, which if breached would have broken the current parabolic move, but it held (https://songsari.medium.com/dogelon-mars-uptrend-again-e72276023593). The price has already run all the way up to near 0.0000015. Now, I think the price will find support at near 0.00000116 or even below, but above 0.0000010.
If you look at Dogelon’s chart in 15 min candle bars, you will now notice that Dogelon is pretty much doing what altcoins did from September 2020 to May 2021, doing 20+x and then crashing 70+%. What is so impressive is that altcoins took around 10 months to achieve this, but Dogelon did this only in a month. This is also why I missed this one more drop as I though the bottom was at around 0.0000011 and continue the bull run with only a 50% retracement. However, Dogelon instead chose to enter a bear market with that 70% crash, though it will probably stay in there for 2 days or so as it is moving 10x faster than average altcoins. Now, I am even more convinced that Dogelon will have a gigantic parabolic move just like many altcoins breached ATH in August/September 2020 after 2–3 months of bear market. I think Dogelon will easily 10x from its bottom, more close to 20x, which again matches my target of $10 billion valuation. If things go hectic near the end of this bull market, it could 40x from here. FTM which 40xed from September 2020 to May 2021, also has 20xed from the local botttom and it still has more room to run, thus I would have to say 40x for Dogelon is actually achievable.
I think SHIBA is also pretty much doing the same thing that Dogelon is doing (or I would say Dogelon is following SHIBA, with a 4x more leveraged movement). I think SHIBA’s price actually looks quite attractive after the recent correction, if you are more risk averse.
Though not a financial advice, I think Dogelon currently appears to be one of the best cryptos to own right now. I think if one were to invest $100k today into Dogelon, it will probably turn into $2 million during the peak of the bull cycle. You also would not need to guess when the top of the current bull cycle would be as I believe Dogelon would be the best indicator to locate the top of the current bull cycle. If you make a Dogelon investment and once it 10x from today’s valuation, you should start cashing out a sizable chunk and when it 20x, you should cash out the majority and when it 40x, I think it would be wise to cash out everything.
