Crypto Pundit Says Get Positioned For Dogecoin, But This Level Is Still A Threat

Dogecoin (DOGE) is entering a decisive phase that could see its price explode to record highs . Based on the meme coin’s recent price action, one analyst encourages traders to position early, while another warns that an important structural level must be held to preserve DOGE’s broader bullish outlook. Both perspectives highlight the pressures and possibilities the meme coin faces as it navigates its ongoing downward trend.

Analyst Tells Traders To Position For Dogecoin

Technical analyst and engineer Waleed Ahmed has urged traders to get positioned for Dogecoin, hinting that the meme coin may be far closer to a major reversal than many expect. He shared a monthly DOGE/BTC chart on X social media showing the price hovering just above a long-standing accumulation band.