Bold Analysis and Prediction of DOGE's Intraday Market

In the past 24 hours, DOGE's highest price was **$0.39500**, and the lowest price was **$0.37500**, with a trading volume of approximately 820 million coins. The market is currently in a range-bound state, with prices fluctuating between $0.37500 and $0.39500, indicating that the battle between bulls and bears continues.

From a technical perspective, DOGE's price movement revolves around important support and resistance levels:

• Support Level: $0.37500 is a key short-term support level, with strong buying power in this area. If it breaks this level, it may further drop to $0.36500.

• Resistance Level: $0.39500 is an important recent resistance level. If the price breaks through this area, it may further rise to the $0.40500-$0.41000 range.

From the 4-hour chart, DOGE's price is running near the 20-day moving average, with the MACD indicator close to the zero axis, showing alternating bullish and bearish momentum, with the short-term still primarily in a range-bound pattern. However, as the Bollinger Bands gradually converge, a larger directional choice may be forthcoming.

Short-term Contract Strategy

Based on the current market conditions, the following T+0 short-term trading strategies are recommended:

1. Long Strategy

• Entry Point: When the price retraces to the $0.38000-$0.38500 range, consider opening a long position as this area is close to the support level and has a high probability of rebound.

• Stop-Loss Level: Set the stop-loss at $0.37400. If the price breaks below the support level, stop-loss should be executed promptly to avoid expanding risk.

• Target Level: Set the target price in the $0.39300-$0.39500 range. If it breaks the resistance level, further look towards $0.40500.

Leverage Suggestion: It is recommended to use 5-8 times leverage to appropriately amplify profits, but strict risk control is necessary, especially in a range-bound market.

2. Short Strategy

• Entry Point: If the price rebounds to the $0.39300-$0.39500 range, consider opening a short position as this area has strong selling pressure and a high probability of retracement.

• Stop-Loss Level: Set the stop-loss at $0.40000. If the price breaks through this resistance level, stop-loss should be executed promptly to avoid upward risk.

• Target Level: The target price is set at $0.38500-$0.38000. If the price breaks below the support level, further look towards $0.37500. It is recommended to use 3-5 times leverage.

DOGE may continue to maintain a range-bound pattern in the short term. If it breaks $0.39500, there will be further upward space; if it breaks $0.37500, it may continue to adjust. Flexibly use long and short strategies to seize volatility opportunities while managing risks effectively. $DOGE