$DOGE

DOGE price analysis: Breakout or pullback, key points are on the verge of breaking out!

Brothers, DOGE's recent trend is heart-pounding! On November 23, it broke through the $0.44 resistance level, but the upper shadow line showed that there was obvious selling pressure at high levels. Next, will it continue to rise, or will it be pulled back by the bears? Let's analyze them one by one.

Bulls' hope: restart the upward trend

1. Target: Break through and stabilize at $0.44

Bulls will hit $0.44 again. If they succeed in stabilizing, it means that the upward trend will continue. The target price may be $0.50, and if the momentum is strong enough, it may even hit $0.59.

2. Support point: Hold the 20-day moving average ($0.34)

If DOGE pulls back, bulls need to defend at $0.34 with all their strength, which is the key support.

Opportunities for bears: aiming for a pullback

1. Counterattack point: suppressed below $0.44

If bears can prevent the price from effectively breaking through $0.44, it may trigger more selling pressure.

2. Downward target: breaking below the 20-day moving average

If the price falls below $0.34, it will trigger a larger pullback, with a potential target of $0.30, which will indicate that the strength of the bulls is weakening.

Operational suggestions: Offensive and defensive

1. Long order strategy:

If the price stands firmly above $0.44, you can consider laying out long orders, with a target of $0.50, and further look at $0.59; the stop loss is set below $0.41.

If it pulls back to $0.34 and stabilizes, you can try to buy low.

2. Short order strategy:

If the price falls below $0.34, you can try short orders, with a target of $0.30; the stop loss is set above $0.36.

Summary: Who will have the last laugh at the cusp of the storm?

DOGE is currently in a critical stage of long-short tug-of-war:

Breaking through $0.44 means that the upside space is open, with a target of $0.50 or even $0.59.

Falling below $0.34 may usher in a deeper adjustment to $0.30.

Brothers, the opportunity is right in front of us, but remember that the operation must be stable and win, and stop when you see a good opportunity, don't let the market harvest you!