Yesterday Doge had a thrilling dive with a large trading volume, and then it rebounded sharply. It is possible that the market maker is building position.

Doge is a strong candidate for NO.2 democurrency. More and more people have recognized Doge, paving the way for possible peculation.

But on the flip side, it should be noted that there are many newly-mined Dogecoins, currently 0.6% increase every day. Because of this steady new supply, the higher the price , the more money is needed to purchase newly-mined coins, the faster the market funds are sucked.

No matter how good Doge is, borrowers are from BTC holders, so it is difficult for Doge to rise when Bitcoin is moving sideways.

In addition, a lot of people are caught in Doge, the market maker should know better than to pull up to save them and give money to miners, taking advantage of recent market panic to force people to sell low and also buy newly-mined coins with a very low price,is a smart choice.

So it is estimated that Doge will have a position-building platform at low prices. The next halving of Doge is around 26 April. If Bitcoin does not rise, then rise of Doge should start at that time. If Bitcoin begins increasing, then Doge will start rising earlier and once it breaks the previous compact area, the rise will be by folds.