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VX: KP92877 QQ: 3908306664 There is no charge to enter the community, no exchanges, no recommended links Dogecoin (DOGE) has been quite strong recently, and its trend has turned from bearish to bullish. It has risen by about 1.85% in the past 24 hours. It can be seen that market sentiment is slowly picking up and money is starting to move again. At press time, DOGE’s price was around US$0.181, with a market value of approximately US$25.17 billion. Although the 24-hour trading volume dropped by 7.68% and is currently only 1.87 billion US dollars, the price is still rising steadily, which shows that both short-term traders and long-term holders are still interested in it.  Bitwise’s spot Dogecoin ETF application has attracted a lot of attention recently. Bitwise has submitted Form 8(a) to the exchange, which is an "automatic effective" process. If the SEC does not speak or object within 20 days, the ETF can be directly listed for trading.  To put it simply, Bitwise is accelerating this time and is obviously more confident in the current regulatory environment for crypto ETFs. If it can really pass this time, it means that the first batch of formal financial products that specifically track the “King of Meme Coins” Dogecoin will appear on the market, which is of great significance. This potential listing not only means that institutions are beginning to take Dogecoin more seriously, but also shows that the popularity of retail investors has attracted the attention of capital. For the Dogecoin community, this is undoubtedly an encouraging sign - everyone has been waiting for so long, and finally it is possible to usher in a real step towards "going mainstream". Looking at the Dogecoin chart here, the next more critical target is $0.284. From a technical point of view, DOGE is now a bit close to the lower Bollinger Band track of $0.154, which means that there have been a lot of sellers recently. The upper pressure is mainly at $0.219 and $0.284. If this wave of power comes up and kills 0.219 first, then there is a great chance of hitting 0.284.  On a near miss, $0.154 is the moat. If this position is broken through, it will most likely return to around $0.130 and try the bottom again, because there were funds quietly sucking in there before. The RSI is now at 41.68, which shows that the buyers are not strong enough. RSI has not returned to 50, and the bears will continue to put pressure. Overall, DOGE is still neutral to bearish at present. However, if the weekly line can close firmly above $0.22, the direction may be reversed. By then, the route to $0.284 will be clear, and the market will begin to become more and more optimistic about Dogecoin. 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. Let us embrace the bull market, improve our winning rate, and say goodbye to high positions. Scan the QR code below to join us: VX on the left: KP92877 QQ on the right: 3908306664  |
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