Should i buy or sell doge coin?

**Considering the current technical indicators and market sentiment, Dogecoin (DOGE) appears to be in a favorable position for a potential upward movement. Here's an analysis to support this view:**

1. **Key Resistance Levels Await Testing**: Dogecoin is navigating a challenging market landscape with potential resistance at key price levels. The current trading range between $0.35 to $0.45 is pivotal, as it may empower DOGE bulls to strategize for a significant upward movement if market conditions remain stable.
2. **Double Bottom Pattern Suggests Stronger Rally**: Technical indicators suggest a developing double bottom pattern, which could hint at a stronger rally ahead. Additionally, the Relative Strength Index (RSI) falling to 53 suggests exhausted bullish momentum while remaining above the neutral mark, indicating that buyers still have a slight edge.
3. **Whale Activity Indicative of Future Growth**: Significant whale activity in the form of large investors purchasing 160 million DOGE within 24 hours has boosted market sentiment and fueled price optimism toward $1. This surge coincides with Dogecoin breaking the $0.46 resistance, signaling bullish momentum.
4. **Bullish Crossover on MACD**: The MACD bullish crossover suggests that DOGE has gained more purchasing power and may have completed a pullback, the analyst noted. Based on this analysis, Dogecoin price seems well poised to witness a bullish reversal, having consolidated for about a month since the first phase of its bull run. The accompanying chart of Trader Tardigrade showed that DOGE could rise to around $0.5 in the next phase of trading.
5. **Potential for Major Rally**: With Dogecoin's price pattern hinting towards a possible 85% rally and predictions of reaching $2.15 in this market cycle, the potential for a major rally is evident.

Given these points, it appears that Dogecoin is positioning for a potential upward movement. If you're looking for a speculative investment with the potential for significant returns, the current sentiment suggests a **buy** stance. However, it's important to consider your risk tolerance and investment goals, as the cryptocurrency market is highly volatile. It's also advisable to monitor market conditions and adjust your strategy accordingly.