$DOGE

DOGE Price Analysis: Bears Strongly Pressuring, Can Bulls Turn the Tide?

Brothers, DOGE has been a bit “dogged” lately, unable to even touch the 20-day moving average (0.34 USD), with bears directly “sniping from high ground.” Every minor rebound gets pushed back down. Now the market's key focus is whether it can hold at 0.30 USD, let's sort this out!

Current Market Situation: Clear Support and Resistance

Bearish Pressure: DOGE's rebound is weak, even failing to touch the 20-day moving average, indicating significant selling pressure in the market.

Support Focus: Currently, there is some support at 0.30 USD, but if it breaks, bullish pressure will increase further.

Downside Risk: If it breaks below 0.30 USD, the target may look towards 0.2619 USD?

If 0.30 USD is lost: DOGE could slide directly towards the 61.8% Fibonacci retracement level (0.2619 USD), which is expected to attract bullish defense.

Key Support Range: 0.2619 USD - 0.24 USD is an area where bulls may mount a strong counterattack. If this line is lost, bears may completely take control of the situation.

Upside Opportunity: Can Bulls Reverse the Trend?

If bulls push hard, pulling the price back to the 20-day moving average (0.34 USD) and stabilizing, this could signal the end of the adjustment and a market rebound.

After breaking the 20-day moving average: DOGE is likely to challenge 0.4224 USD, at which point bulls will have greater confidence.

Strategy Suggestion: How to Seek Victory Steadily?

Short Position Opportunity: If it breaks below 0.30 USD, short position targets can look towards 0.2619 USD, with a stop-loss set above 0.31 USD.

Long Position Opportunity: If DOGE rebounds and stabilizes above the 20-day moving average (0.34 USD), long position targets can look towards 0.4224 USD, with a stop-loss set below 0.33 USD.

If DOGE drops to the 0.2619 USD - 0.24 USD area, consider gradually positioning for medium to long-term long positions, patiently waiting for the trend reversal.

If it successfully breaks above 0.4224 USD, you can gradually increase your position and look towards higher targets.

Currently, DOGE's bearish sentiment is strong, but near key support levels, a powerful counterattack from bulls may be imminent. The upcoming market will depend on whether 0.30 USD can hold, opportunities often lie at critical points!