Recently, the price of Dogecoin has been highly volatile. It is reported that on November 23, large holders reduced their positions, causing the price to drop to $0.36. However, market sentiment later shifted, and the price rebounded to $0.38, as these large whales began to buy back in. From a technical analysis perspective, there is significant pressure at the $0.43 level, making it difficult for Dogecoin to hold its ground. Trading volume has decreased and further stabilization is needed.

Regarding the downside risk, $0.36 is an important support level. If selling pressure intensifies, there may be a rebound opportunity at this price point. Investors need to closely monitor trading volume to determine whether there will be a breakout or a return to this support level. The price trend mainly depends on the movements of large orders and the overall market situation.

If large whales continue to buy in and successfully break through $0.43, Dogecoin is expected to rise to $0.48 in the short term. In the long run, as long as market sentiment remains strong, Dogecoin is expected to return to the psychological level of $1.

Overall, the current Dogecoin market is highly volatile, and investors should operate cautiously and closely monitor market trends. #XRP市场价格动向 #币安HODLerTHE