Dogecoin: 10 minutes of pure madness | What happened? EYE !

Is it time for meme coins? It would seem so, at least looking at what is happening on the market, with Dogecoin returning to the shield, breaking through $0.30 and starting a bull run that is as inexplicable as it is rapid.

In the very early hours of the morning, a wave of purchases started, also supported by some important liquidations , which allowed the oldest of the cryptocurrency -themed memes to be first in the growth ranking.

Something that opens up new scenarios - we will see if bullish or bearish - on cryptocurrencies. We can find it on eToro - go here to get a 100% free virtual account with all the auto-trading features - broker who has practically always had $ DOGE on the list and which offers exclusive fintech services .

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Doge's sudden bull run: the different options on the table

The ** bull run** of the last few hours is one of those very difficult to read and that few, even among those who follow Dogecoin very closely.

The coin was the subject of important buy orders, which literally found a prairie of rarefied sales orders , thus forcing both shorts to cover their positions and FOMO buyers to queue. On the technical side, what happened is not difficult to explain, although doubts remain about what actually triggered the boom.

Given the mini-correction after the incredible SHIB run , the most credible hypothesis remains that of a reinvestment of the profits of some large investor towards the project that, at least ideally, is closest to it. However, the situation will become clearer when the time has been taken to analyze the situation also at the blockchain level .

Expected very high volatility: how to move without getting burned

The temptation, in particular for those who see a parallel with the situation of Shiba Token , is to throw themselves headlong into this type of activity, going to invest even large sums. All in the hope that the bull run of Dogecoin continuous rhythms that has just shown.

However, further issues need to be raised, which relate to well-known market mechanisms - particularly in the presence of such important upside assets . In the first place the aspect of the correction . After such thick runs, it is more than normal for the price to correct at some point.

And therefore that there are possible losses for those who entered late - who would find themselves buying at a higher price than what $DOGE can reasonably maintain in the short and very short term. Our advice in this sense is to avoid investing without thinking, and to rely on the best tools we have to ride the trend in both directions.

Capital.com - go here to get the free demo account with all available platforms is ideal for such hectic market phases. Given that precisely with this type of instruments we will eventually be able to take a bearish position - which would happen in the event of a correction .

For the rest, while the whole market is preparing to return to green - and with Bitcoin having just passed the $ 60,000 mark - it is smart to expect large movements of money, which could continue to involve Doge as well.

With a gem: we remind our readers that many of the great bull run of Bitcoin were opened just from racing Dogecoin . Could this be the case again?