English
68328
 Dogecoin (DOGE), which has been dormant for some time, has recently become a "focus player" in the crypto market - analysts collectively shouted: Dogecoin has gone out of the classic "bull flag form", and as long as it breaks through the key resistance level, a new round of rising prices may begin immediately! The bull flag pattern is online, and $0.182 becomes a "takeoff switch"”Market analyst Trader Tardigrade was the first to throw out a bombshell view: Dogecoin’s four-hour chart is brewing for a big move and is about to usher in a key breakthrough. The market momentum is likely to shift to the buyer.If you open the recent price chart of Dogecoin, you will find that after a strong rise, it has entered a stage of mild consolidation - this "first rise and then stabilization" trend is the classic "bull flag pattern" in technical analysis. It usually means that the upward trend is not over yet, but is only temporarily "accumulating strength", and there is a high probability that the rise will continue in the future.  If Dogecoin can successfully break through the $0.182 mark, it will be equivalent to confirming this bull flag pattern, and the price is likely to follow the trend and attack $0.20. The next important resistance area will be between $0.198 and $0.205. Once broken, it is likely to trigger a large amount of short covering, further boosting the price. As of now, the latest price of Dogecoin is close to $0.1814, just one step away from the key breakthrough level! What is even more noteworthy is that its daily trading volume has soared by more than 80%, and the trading activity of both retail investors and institutions has increased. Behind this, it is inseparable from the heated discussions related to Dogecoin ETF. Market interest has been rekindled, and different types of investors are increasing their holdings to accumulate strength for a price breakthrough. Double escort of technology + on-chain indicators, will history repeat itself?1. Technical: The high time frame momentum indicator has turned positive, and the two-month stochastic oscillator has entered the oversold zone - this is the "golden signal" before the Dogecoin bull market in 2017, 2021 and early 2024, and a new round of rise may start. 2. Data on the chain: More than 11 billion Dogecoins have been quietly absorbed near US$0.20. Once this resistance is exceeded, it will become a strong support. The cost heat map shows intensive positions at US$0.202-0.203. After the breakthrough, most of these positions will be converted into long-term positions, laying a solid foundation for the rise.  The key price determines life and death, breaking through $0.186 confirms the reversalAnalyst BitGuru also observed an important detail: Dogecoin has recently fallen below the long-term downward trend line and entered a new consolidation area near $0.18. And $0.186 is a "life and death turning point", which not only separates the current consolidation stage from the next stage of rise, but also determines whether the reversal can truly be established. As long as Dogecoin can firmly hold $0.186, the trend reversal may be confirmed, and it is expected to continue to rise to $0.20 or even higher. At present, the trading volume and open interest of various exchanges are rising simultaneously. Although analysts remain cautious, the overall attitude is optimistic. Market sentiment has recovered, liquidity has increased, and social popularity has soared, adding strength to Dogecoin's breakthrough. Analysts are optimistic: As long as it continues to gain momentum, it can reach the target of $0.204. From "endless falls" to "form + indicator resonance", Dogecoin is preparing for a turnaround. Keep an eye on the two key levels of $0.182 and $0.186. Once they break through, it will be a new round of rising signals - in the crypto market, classic forms and historical signals never disappoint! The opportunity is fleeting, thank you for your attention! 👇 Don’t let the trap of air coins swallow up your principal, Tudou will take you to enjoy the entire bull market! If you are interested, you can go to the homepage and read the pinned article! Or +V: TGMM03 |
|
|
|
|
|
