$DOGE

DOGE market analysis: accumulating strength to push higher, can a new historical high be expected? 🚀

Brothers, DOGE is in the limelight recently! In the past 24 hours, the price has risen by more than 5%, and its performance has directly crushed the entire crypto market. It is really the "return of the dog king"! 🐕

Why is Dogecoin so powerful?

1. Musk assists

Musk, the "father of Dogecoin", is awesome again! Every time Dogecoin is mentioned on his platform, the market immediately explodes, and it simply has the "market FOMO" attribute.

2. Whales are buying at the bottom

Recently, whales have not been idle. Data shows that in the past two weeks, large holders holding more than 10 million DOGE have been frantically absorbing funds, directly accumulating 140 million DOGE, which is no small matter!

3. Technical bullish

Bullish flag: On the daily chart, DOGE is building a classic bullish flag. As long as the upper edge of the flag pattern of $0.41 is broken, this wave of pull-up may go straight to the previous high, or directly set a new historical high!

Short-term pressure and opportunity

Current price: DOGE is currently hovering at 0.39, approaching the key point of the flag breakthrough of 0.41.

Risk of callback: RSI is overbought (77.25), there may be a callback demand in the short term, and it may fall back to 0.35 or even the psychological barrier of 0.31.

Strategy advice: Stay steady, don't rush!

1. Brothers who hold positions:

Pay attention to the key point of $0.41, and the breakthrough target is above $0.50.

If it falls back to the support of $0.355, don't panic, stabilize your position, and make up for it when it falls!

2. Brothers who wait and see:

Wait for the callback opportunity! It is recommended to ambush orders in the price range of $0.31~0.35, and wait patiently for the market to explode.

Future highlights: historical highs or shock accumulation?

The rise of Dogecoin this time is not only driven by Musk, but also the result of the combined effect of market sentiment and whale funds. If the flag pattern breaks through, the next target may be the previous high, or directly hit the historical high! 💥

Keep a steady mind, bring a good plan, and let's witness this wave of "Doge King's comeback" together! 🎉