$DOGE : Is it time to buy the bottom, or has the evacuation alarm sounded?
The current price of DOGE is $0.37571, and it has fallen by 3.83% in the past 24 hours. It is in a very delicate position - next to the upper track of the Bollinger Band, where both opportunities and risks are quite large.
It's like there is an invisible boundary. The upper track is $0.40763, and Dogecoin has never been able to break through; the middle track is $0.39297, and it is now like a battlefield; the lower track is $0.37932, which is considered safe.
Dogecoin is now like standing on the edge of a cliff, and it is very difficult to jump up every time. The MACD indicator shows that although there is great pressure to fall, it is not completely desperate, and there is still some hope hanging on it.
Look at RSI and KDJ again. Both of them say that the market is too cold, but it may rebound when it is extremely cold. The trading volume is also less, and everyone is watching. This silence may be the calm before the storm.
In general, Dogecoin may still struggle in this range in the short term, but the oversold signals of RSI and KDJ may be a good opportunity to buy at the bottom. However, if it still cannot reach the upper track in the medium term, it may continue to fluctuate.
If you want to bet on an increase, wait until it breaks through the upper track before entering the market, but don't forget to be careful when investing. If you think it will still fall, you can find an opportunity to short between the middle and lower tracks, but the market changes quickly and you must be vigilant at all times.
Recently, I plan to ambush a potential coin that is ready to explode. It is still very simple to double it. At the same time, I am also preparing to find some potential coins to hold until the end of the year. It is no problem to expect more than 10 times the space. The number of places is limited! If you want to follow up, like + leave a message.
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