A person who studies how prices of things change, called an analyst, said that Dogecoin is not going down as much as it used to. They think that Dogecoin might start going up in price because it found a level where people want to buy it more. The price of Dogecoin right now is $0.13 and some people say it could go up if more people start buying it again. Read from source...
- The title is misleading and sensationalized. It implies that Dogecoin has broken a significant macro downtrend, which is not supported by the content of the article or any evidence. A more accurate title would be "Crypto Analyst Claims Dogecoin Has Broken Macro Downtrend".
- The article relies heavily on Rekt Capital's analysis and opinions, without providing any context or background information about him or his track record. This creates a bias and undermines the credibility of the source. A more balanced approach would be to include other sources or perspectives that may contradict or support Rekt Capital's claims.
- The article uses vague and ambiguous terms, such as "successfully retested" and "support level", without explaining what they mean or how they are calculated. This makes the article confusing and difficult to understand for readers who are not familiar with technical analysis concepts. A more informative approach would be to define these terms and provide examples of how they are applied to Dogecoin's price chart.
- The article presents data from CoinMarketCap without verifying its accuracy or reliability. CoinMarketCap is a popular but controversial source, as it has been accused of manipulating its ranking system and excluding some cryptocurrencies from its platform. A more responsible approach would be to cite other sources that are more transparent and trustworthy, such as CoinGecko or Messari.
- The article does not disclose any potential conflicts of interest or affiliations with Rekt Capital or Dogecoin. This creates a conflict of interest and undermines the objectivity of the article. A more ethical approach would be to declare any relevant relationships or partnerships, and to ensure that they do not influence the content or tone of the article.