！！！Major Reminder！！！Major Reminder！！！
For those holding Dogecoin, pay attention! Is Dogecoin about to plummet? Come and take a look!
I bought Dogecoin at $0.16 and sold it at $0.20, as mentioned in previous articles. Given the current situation, although it might rise a bit more, I don't plan to buy again.
In November, Dogecoin suddenly surged to $0.22, the highest price in 5 months. However, after Trump's election, some started to take profits, and it has since dropped about 14%. With the good news gone, could there be bad news ahead? I have my thoughts on this.
Let's analyze the future trends of Dogecoin (DOGE) from three aspects.
First, from the technical indicator RSI, its value has exceeded 70, indicating that Dogecoin is overbought. This suggests that while Dogecoin's price is rising, the enthusiasm behind it, with everyone believing it will keep rising, may be diminishing. In other words, there are not as many buyers for Dogecoin as before, or the pressure to buy Dogecoin in the short term is not as strong.
Second, the sentiments of Dogecoin futures holders are fluctuating. After Trump's election on the 6th, the total liquidation amount for Dogecoin was $6383, with shorts at $3231 and longs at $3161, indicating that both sides are being liquidated almost simultaneously. This suggests a very unstable market environment, so when prices rise, everyone rushes to take profits.
The above two points mainly affect Dogecoin's short-term trends.
The third point is very, very important; it concerns whether Dogecoin is worth holding long term. I will reveal the answer in the comments shortly, and you can also click on my profile, follow me to see the introduction, so you can know the answer in advance.
The real bull market hasn't started yet, brothers; you need to invest wisely!!!
Recently, the market has surged significantly. After waiting for a correction, I am prepared to ambush a short-term potential coin that is about to explode by around 50%, and I will also set up for some long-term potential coins that could yield 5-10 times.
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