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DOGE's weekly chart pattern has returned to the Fibonacci fan structure seen before the major rebound in 2024.
However, the competitive pressure in the market is ramping up, with HYPE's market cap now surpassing DOGE's, making its ability to regain upward momentum even more crucial.
At the same time, the CEO of Blockstream has directly advised investors to ditch meme coins and altcoins, pivoting to buy BTC, believing they will be pushed close to zero by the market.
Right now, DOGE not only has to rely on its technical patterns to hold strong but also has to compete for funds against new hot trends.
$DOGE $HYPE #TradfiTradingChallenge