DOGE big news: Shorts are defeated, DOGE is about to take off!
Recently, the crypto market has finally become lively, and Dogecoin (DOGE) has also become the focus of everyone's attention. Just now, DOGE encountered a fierce counterattack from shorts near $0.32292, and those who shorted had to cut their losses and leave the market, losing $6.1242K. This wave of operations directly pushed the price of DOGE up.
Let's analyze the market:
Shorts are eliminated: Shorts are driven away, indicating that buying has begun to enter the market, and DOGE is about to rebound!
Price surge: DOGE prices have risen so sharply that market sentiment has been ignited. As long as buying can be stabilized, DOGE will definitely make another wave!
Good time to buy: Friends who want to buy DOGE, now is a good opportunity. The price is between $0.310 and $0.320, which is a stable range and suitable for entry.
Let's talk about the future price target:
First stop: If the buying continues, it is not a dream for DOGE to break through $0.340, and it can continue to rise.
Second stop: If the market sentiment is always good, DOGE may reach $0.360!
Risk warning: However, if the price of DOGE falls below $0.310, you have to be careful, it may continue to fall. If it falls to $0.300, you have to be more cautious and don't get stuck.
Trading volume also needs to be looked at: If DOGE's trading volume suddenly surges and breaks through $0.330, the price will continue to rise, and it may directly reach $0.360.
Chain reaction: If the buyer dominates the market, the rise of DOGE may also drive other currencies to rise together, forming a new market.
Now, DOGE is in a critical adjustment period, and the price is quite stable between $0.310 and $0.320, which is suitable for buying. If the market sentiment remains positive, DOGE will definitely usher in a big rise and challenge the target price of $0.340 and $0.360. But if it falls below this support range, you must stop the loss quickly and don't let yourself lose too much.
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