Why is DOGE up Today?

By the time most people are asking that question, DOGE already fell down again. The single fact that is driving the meme token right now is simply day-trading. Movers and whales are positioning back and forth and making profit on marginal differences. Sometimes that balance drivers and shorts gets out of whack, and when it does there's a run up or a drop down. Almost always, after a big run-up there's a big matching drop or more due to selling off. People can't sit and wait for more, their paper hands crinkling up faster than Christmas wrapping in the fireplace on December 25th. 

Don't be Impressed by Fancy Words

People regularly thrown around terms like "support confluence," and crossing trend lines or moving averages, but it's simply calling a pig with lipstick a fancy pig. The real driver usually involves who is suddenly gobbling up coin or assumes news is about to drop to suddenly focus attention again on the token. Then, as everyone else piles in, that same whale drops the token like a flaming hot booger, and everyone else is left with a falling price slimy feeling of losses. It's really that simple.

Focus on Searchable Factors

Next time you're asking yourself, "Why is DOGE climbing again?' instead of looking for some great explanation from what Elon Musk might have tweeted, take a look at which wallets are moving and trading the token in the last hour or two, particularly in volume. This chart from Live Coin Watch gives a really good idea where to focus wallet movement studies in terms of volume (the shaded dark part):

And, if you really want to catch some fun on the coattails, track those given wallets and enjoy the ride with them when they move. It will probably make a hell of a lot more sense why DOGE is doing what it is doing versus expecting Reddit chatter to explain the change clearly. Remember, charts aren't related to the token; they simply present visually what already occurred. The next blip has no predictable relationship to what's already lit up on a tracking screen, but you can use the data behind the chart to identify whom to follow. That's the key to knowing why and when DOGE goes up and when it will likely go down.