The post Google Search for Memecoin At ATH: DOGS Price to Rocket ? appeared on BitcoinEthereumNews.com.

The recent spike in Google search interest for “memecoin” marks a significant peak, the highest seen in the past five years. It signals a surging curiosity and enthusiasm among retail investors. This trend typically indicates that newer, casual participants in the cryptocurrency market are looking towards more speculative and culturally driven investments as their entry point. Memecoin Mania Begins The chart shows several noteworthy spikes in interest, with the most recent surge surpassing previous records. – Advertisement – Memecoin interest over time | Source: X This suggests a renewed or perhaps intensified interest in meme-themed cryptocurrencies. Among these, DOGS on the TON blockchain stands out as particularly poised for growth. This memecoin, having been airdropped to Telegram users, benefits not only from the general rise in memecoin interest but also from its unique distribution method, which has likely helped fuel its visibility and accessibility to a broader audience. This alignment of high search interest and strategic coin distribution underscores a potential uptick in DOGS’ popularity and value, echoing the broader enthusiasm driving the memecoin sector at the moment. – Advertisement – DOGS Potential Bullish Breakout The DOGS/USDT chart highlighted a clear consolidation phase within a symmetrical triangle pattern, signaling an imminent breakout. DOGS has been trading within this pressure zone, showcasing consistent lower highs and higher lows, which emphasize tightening price action. This compression often indicated a strong move ahead, either upward or downward, depending on market momentum. The current price action suggested bullish potential, with the memecoin trading near the upper boundary of the triangle. The Point of Control (PoC), marked as a significant resistance level, has seen increasing trading activity. A strong flip above this PoC resistance zone would validate the bullish breakout, potentially triggering a projected 26% upward throwback move, as indicated by the target zone highlighted in the…

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Filed under: News - @ November 19, 2024 11:22 am