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If you feel helpless and confused in trading, and want to know more about the currency circle and first-hand cutting-edge information, nod your head and follow me, and you will no longer be lost in this bull market!  Dogecoin has been really weak recently. After falling from US$0.30 a month ago, it has not been strong this month - the monthly line fell by 13.2%, and now the price is stuck at US$0.2087. Although it has increased slightly by 6.35% in 24 hours, it is still weak overall. However, what is interesting is that big funds and small investors are now playing a "rival game": on one side, whales who have been sleeping for 11 months are secretly buying the bottom, and on the other side, retail investors are panicking and selling. In this tug-of-war between long and short, US$0.20 has become the key battlefield. The whale wakes up: The big financier who hasn’t touched the market in 11 months spent $2.95 million to enter the market.There is a data platform that has its eyes on Dogecoin’s “whales”. Recently, a whale that had been lying dormant for 11 months suddenly became angry - withdrew 15.115 million Dogecoins from Binance. At the current price, it is almost 2.95 million yuan! Although he later sold 7,473 coins, he still had 15.19 million coins in hand, worth $12.96 million. Anyone who knows anything knows that when this kind of old whale suddenly takes action after being dormant for so long, it basically feels that the price is cheap enough now and wants to bet on a mid- to long-term rise. To put it bluntly, they are secretly making arrangements.Retail investors are running: sell orders are suppressing buy orders, and selling pressure is suppressing the price of the currency.But retail investors operate very honestly - run! The data doesn’t lie: throughout October, the “capital flow indicators” of retail investors were all negative, with more people selling than buying. ； In the past 30 days, sell orders have suppressed buy orders most of the time. Now it is even more obvious: the seller dumped 156.67 million coins, and the buyer only took 154.88 million coins. No one wanted the extra 1.79 million coins. This is why whales are buying, but the currency price has not yet risen - the selling pressure of retail investors is like a stone, suppressing the currency price.The key lies in $0.20: if it stands firm, it may rise, but if it fails, it will continue to hit the bottom.Dogecoin’s lifeblood is now $0.20. From a technical perspective, the price is now lower than the 20-day, 50-day, 100-day, and 200-day moving averages, and the overall price is still in a downward trend. ； The DMI indicator also shows that the downward force is much stronger than the upward force. But there is no chance: if buyers can stabilize the price above $0.20 and then hit $0.21, they may be able to get $0.22 in the medium term. But if retail investors continue to sell, the currency price will most likely fluctuate between US$0.17 and US$0.20, with no direction at all in the short term.My point of view: Whale bargain hunting is a signal, retail investor sentiment determines the rhythmTo be honest, this wave of long-short fighting and the entry of whales shows that there are large funds who feel that Dogecoin has fallen to the point and want to hold it for a long time.； But panic selling by retail investors blocked the way up again. US$0.20 is the litmus test - if it stands firm, it may reverse ； If you can't hold on, you have to keep grinding. If you want to buy the bottom, don’t rush, wait until the position is confirmed before taking action. ； Don’t panic if you are a currency holder. Keep an eye on whale movements and gains and losses of $0.20. The attitude of big funds is the key. In this wave of Dogecoin, are you following the whales or retail investors? Chat in the comment section. Nod the picture, follow me, and never miss any first-hand information updates! Let’s go to the bull market feast together! |
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