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Recently, Dogecoin (DOGE) has begun to be targeted by analysts again! 👀 In the "Silian Weekly" published on October 27, encryption analyst Canton Meow pointed out:
This is not a casual statement. Guangdong Cat provides four independent technical supports and believes that DOGE is currently in a key range of "bully guarding". 🧩 Four major supports work together: DOGE holds on to the "lifeline"” Currently, Dogecoin is approximately $0.208 in the Binance spot market, and the four core factors supporting its stable position are 👇 1️⃣ Volume weighted average price (VWAP) of cycle high 2️⃣ Ichimoku’s “Katana Support Line”” 3️⃣ 0.5 Logarithmic Fibonacci Retracement Support 4️⃣ Seller’s transaction volume decreased significantly  In other words, from a technical perspective, Dogecoin is now firmly on a "multiple support platform." ⚔️ "Katana Support" is protecting! Ichimoku Balance Sheet pattern strengthens rebound logic Analysts mentioned that a key signal came from the Ichimoku Balance Sheet. On the weekly chart, Tenkan-sen and Kijun-sen converge at almost the same point - around $0.2009. This form is called "Katana support". It's like two knives crossing at the bottom, forming a solid line of defense. ⚔️  The price is currently just above this intersection line, If this support holds, it means that buying power remains tenacious. And above, the Senkou Span area is around $0.24–$0.29, This is the "supply zone" that needs to be broken through next. Analysts highlighted:
In other words, the current $0.20 range is a key fulcrum on the "Katana shelf". Once lost, the bears may regain control of the rhythm. 📈 Fibonacci support gives precise coordinates: $0.1907 is the bottom line  Next is the third technical support - Fibonacci retracement levels. Calculated based on the logarithm of cycle highs and lows, Dogecoin has spent the past few weeks holding firmly near the 0.5 retracement level ($0.1907). what does that mean? 👉 If the price falls below this level, the bulls’ defenses will be broken and the bears may push the price towards $0.138 (0.382 retracement). 👉 But as long as $0.19 holds, price upside targets will reopen.  Potential rebound targets are:
📊 Trading volume tells us: shorts are exiting and the market is gathering strengthAnother detail that many people overlook is trading volume. Guangdong Cat pointed out that DOGE’s trading volume has continued to shrink during the decline in the past few months. Looking at the chart, every downward arrow is accompanied by a drop in volume. This usually means:
At the same time, the position data of Binance and Coinbase did not increase significantly. This shows that there is no new wave of short selling in the market. Looking back at the surge at the end of 2024, It is precisely because of the sudden increase in trading volume and the explosion of buying orders. This time, although the quantity can be temporarily calm, this "volume reduction and price stabilization" structure has It is often the prelude before the big market starts. 🎯  🧭 Summary: Four layers of support are superimposed, DOGE is standing at the inflection point From technical graphics to energy structures, The current situation of Dogecoin can be summarized in one sentence:
The market is currently:
Running on the "golden superposition zone" formed by these four positions.  📌 Key points:
At press time, DOGE was trading at $0.206, still trading slightly above key support. 🐕🦺 One sentence summary: Dogecoin is building momentum in an area of strong support. The support is as sharp as a samurai sword, The bulls are sharpening their knives, The next time you take it out, it may be the beginning of a new round of market conditions! 🔥 The opportunity is fleeting, my dear friends, hurry up and gather here! Don't let hesitation hold back your wealth dreams, and don't let the trap of air coins swallow up your principal. Beibei will take you to layout the entire bull market! V: oiiou4 or Q: 3438753445  |
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