$DOGS In-depth analysis: rational judgment based on market status and logic
For $DOGS (Dogcoin), the fifteen-minute support and pressure line in technical analysis appears redundant in this situation. The core lies in the comprehensive consideration of external factors:
The fundamentals of the project are plagued by negative news: negative news frequently appears in the telegram group, and the founder's problem is unresolved, which directly affects market confidence.
Market rules and historical references: Although there are cases where Binance's new coins soared as soon as they were listed, such as GMT and FITFI, which were achieved with novel concepts and market enthusiasm, $DOGS, as a pure meme coin, lacks additional value support, and it is extremely difficult to replicate such success.
Market trend and risk considerations: The current market is volatile and tends to be downward. Although $DOGS has a market value of nearly 5 billion, under internal and external troubles, the risk of the main funds directly pulling the market is extremely high.
The analysis of benchmark cases is not rigorous: Although $NOT has a precedent of soaring after a continuous decline at the opening, new coins are generally regarded as high-risk investments, and it is difficult to capture the market.
Listing cost and holding structure: $DOGS opened on the same day as OK and Binance, and most investors' costs were concentrated around 0.00012, which formed a strong support and lock-in range. If it tries to pull up in the future, it will face multiple unwinding pressures, and the layers of lock-in will become an upward obstacle.
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In summary, we should be cautious about the short-term trend of $DOGS. Under the combined effect of multiple factors such as market sentiment, project fundamentals and market trends, blind optimism or chasing highs are not advisable. Investors need to pay close attention to market dynamics, analyze rationally, and avoid becoming high-level buyers.
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