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23953
Blindly working alone will never bring opportunities. You might as well follow Sister Xin, and I will take you to explore the ten-fold potential coins! Top-notch resources!  After Dogecoin fell from $0.3 a month ago, it has not recovered yet. The current price is around US$0.2, with a monthly decline of 13%. Although it rose 6% today, the overall price is still weak and volatile. I observed several key signals: 1. The mysterious whale suddenly wakes up An old whale address that had been dormant for 11 months suddenly took action and withdrew 15.11 million Dogecoins from Binance. The re-entry of this long-dormant giant often means that they believe that prices have bottomed out and are optimistic about mid- to long-term rebound opportunities. 2. Retail investors are panic-stricken Contrary to the whales, ordinary investors have been selling recently. Judging from the data, selling orders have always been greater than buying orders throughout October. As I write, the market is still selling 1.79 million more Dogecoins. This is why giant whales can't move the price by buying the bottom, and retail investors' selling pressure blocks it like a waterfall. 3. The key watershed is $0.2 The current trend is like a tug-of-war:
personal judgment I noticed that historically, after an old whale wakes up, it usually takes 3-6 months' worth of recovery. Now the panic selling by retail investors has given big funds an opportunity to raise funds. It is recommended to focus on observing the offensive and defensive battle of $0.2. If this position can be held, it is likely to start a new round of rebound. But remember to control your positions. The market sentiment is too fragile now, and any disturbance may cause violent fluctuations. |
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