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Dogecoin creator Billy Markus is ready for a trend reversal in the memecoin

  • Co-founder of Dogecoin, Billy Markus, recently commented on his bullish outlook on the Shiba-Inu-themed memecoin. 
  • Markus believes Dogecoin is ready for a trend reversal as it inches closer to $0.15. 
  • Analysts predicted the Dogecoin price trend could get interesting in the midterm if it remains above support. 

Dogecoin creator recently asked users to shift their focus from hype and price to creating value in the memecoin’s ecosystem. Billy Markus now reveals that he is ready for a trend reversal in Dogecoin. 

Dogecoin prepares for trend reversal as it climbs to $0.15

An IT engineer and co-founder of the Dogecoin network, Billy Markus took to Twitter today to comment on the Dogecoin price trend, days after asking users to shift their focus from price and hype around the memecoin. 

Markus tweeted:

At the time of writing, Dogecoin is changing hands close to $0.15. Markus refers to $0.15 as Dogecoin’s old friend and reveals that he is ready for a trend reversal. 

Markus had commented on Dogecoin’s future as the world’s micro-transaction platform, stating that the memecoin would fix the internet. 

Analysts have evaluated the Dogecoin price trend and noted that the memecoin is at a make or break point. @WalterCripto, a pseudonymous crypto analyst, believes if Dogecoin holds support well, it could break resistance. The analyst believes that things could get interesting in the midterm. 

@FedKassad, trader and analyst, considers that the Shiba-Inu-themed cryptocurrency is in the buy zone. 

FXStreet analysts have predicted that the Dogecoin price could remain stagnant while bulls attempt a takeover. 

 

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