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If you don’t know what to do in the bull market, you are welcome to scan the code to join the group for free. The spot code and layout strategy of the bull market can be shared for free. Welcome to private message me to join us Penguin number can be added: 3838974575 Market sentiment is fixated on one key number – $0.18. Crypto analyst Ali Martinez (@ali_charts) recently pointed out that Dogecoin (DOGE) is running on the edge of an upward channel, and gains and losses in this area are likely to determine its future fate.  Martinez showed the key structure of DOGE on the daily chart published on November 1: The current price is around $0.187, which is approaching the lower edge of the ascending channel. He pointed out that if an effective rebound forms in this area, the currency price may rebound along the channel to $0.26 and further test $0.33. But once the support level falls below $0.18, the market may quickly slide to a deeper trough - the next potential target area may be near $0.07.  Martinez responded in the comment area: “No conditions have changed, everything depends on whether $0.18 can be held. ” This also confirms his strong focus on this key price point. Data on the chain also lights up the alarmNot only technical charts, but also on-chain data are strengthening this judgment. Martinez shared a Glassnode-based UTXO Realized Price Distribution (URPD) chart, which is a method of analyzing market support and resistance bands by tracking the cost price of currency holders on the chain.  The data shows that there is an obvious cost-intensive zone in the $0.18 area, indicating that there are a large number of chips forming the basis for transactions at this price. In theory, this area could provide support to the price during the initial backtest. However, if this range is completely broken down, the next level of "liquidity support" below the price will be very thin, and a new chip concentration area will not appear until about $0.07. This means that $0.18 is not only a technical barrier, but also the lifeline of the on-chain structure. If market funds fail to stabilize here, the price of DOGE may face a structural downward movement. Success or failure lies in the thin lineAt present, the trend of DOGE is at a critical bifurcation point.
Based on the charts and on-chain signals, Dogecoin’s short-term trend has indeed entered a “critical moment of destiny.” Any subsequent fluctuations in the market may determine whether this iconic Meme coin reignites enthusiasm or continues to remain dormant. If you don’t know what to do in the bull market, you are welcome to scan the code to join the group for free. The spot code and layout strategy of the bull market can be shared for free. Welcome to private message me to join us Penguin number can be added: 3838974575 |
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