$DOGE

From the perspective of today, January 8, 2025, Doge (Dogecoin) is fluctuating at the current price of 0.35080 USDT, with an intraday decline of **-9.98%**. This wave of decline mainly reflects the uncertainty of market sentiment, with the recently accumulated upward momentum encountering strong resistance near the high point of 0.39720, leading to a rapid withdrawal of funds and subsequent pullback.

Key Observations:

1. Volume Trend: The 24-hour trading volume remains active at 2.585 billion, indicating that market trading enthusiasm is still high, but the large sell orders under the downward trend suggest that bullish confidence has weakened.

2. Support and Resistance:

• Upper resistance level: 0.36-0.38 range, if the price cannot break through again, it is likely to maintain oscillation or continue downward in the short term.

• Lower support level: currently at 0.34, if it breaks, it may test the 0.32 area.

3. Long-term Returns: The gains over 90 days, 180 days, and 1 year have reached 222.63%, 244.63%, and 334.00% respectively, indicating that from a medium to long-term perspective, Doge still has significant upward potential.

Strategy Suggestions:

• Short-term traders: Sell high near 0.36, buy low and wait for a pullback to 0.34.

• Medium-term holders: Patiently wait for signals and be cautious of further declines.

• Long-term investors: Consider building positions in batches, but be wary of market volatility and overall market impact.