#加密用户突破1800万 !! Important Notice!! Important Notice!!
!! DOGE holders must read this!!
Will $DOGE break 0.5 this month? After a frenzy of selling around 0.455 USD, the price dropped to about 0.38 USD, reaching a strong support level. Seller strength is starting to weaken, but the previous high of 0.48 USD looms like a mountain ahead.
Currently, DOGE is priced at 0.405 USD, with a market cap of around 59.5 billion USD. It has been consolidating and accumulating around 0.39-0.41 USD recently, patiently gathering chips to break through and stabilize. When market conditions mature, these major funds will leverage various favorable factors to push the value of the coin to the next wave of growth.
As Dogecoin (DOGE) prices consolidate around 0.40 USD, the bullish catalysts for the world's largest meme coin are continuously accumulating in the background, suggesting that a new round of increases may be on the horizon. Since breaking below the short-term upward trend and continuing to battle resistance formed by the 21 DMA, DOGE still faces the risk of further pullback in the short term.
When drawing Fibonacci extensions from the previous bear market low to the previous bear market high, it can be seen that Dogecoin's rebound consistently exceeds the 4.236 Fibonacci level, surpassing this Fibonacci extension by more than 10 times during its rebound in 2021. The Fibonacci extension level of 4.236 from the bear market low in 2022 back to the 2021 high indicates that Dogecoin's value in this cycle should reach at least 3 USD.
If the price drops to around 0.38, 0.35, or 0.32 USD, it might be a good opportunity for buyers to accumulate in batches. If the bulls can break above 0.45 USD and establish it as a short-term support level, it will be an important threshold for breaking 0.5 USD. However, if the 0.38 USD support level cannot hold, caution is advised, as it may continue to drop below 0.35 USD.
Recently, I have been scouting a potential coin that is about to explode with a short-term gain of 30%, along with some coins with potential to triple by the end of the year. Leave a message 888, follow, and like, I will announce it in the comments later!!! #BTC hits new highs #Christmas Market Prediction #加密用户突破1800万 #meme板块关注热点