A pseudonymous crypto trader has issued a warning to Dogecoin (CRYPTO: DOGE) investors, advising them to sell their holdings before a potential sell-off occurs.
What Happened: Crypto Tony told his 283,000 followers on Twitter that structure is all that he cares about when looking at the Dogecoin chart in the bigger picture.
While he does expect a big pump later this year, he noted that this could be the last chance for investors to exit before a possible sell-off. “Again, we can never know for sure, but we prepare,” he added.
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As per Crypto Tony’s chart analysis, he predicts that DOGE may potentially drop down to $0.014 levels before experiencing a rebound that could take it up to $0.35. This would result in an increase of approximately 2,400%.
Price Action: At the time of writing, DOGE was trading at $0.083, up 1% in the last 24 hours, according to Benzinga Pro.
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