$DOGE

DOGE Price Analysis: Breakthrough or Pullback? The Critical Moment Has Arrived!

Brothers, the recent market for DOGE is like "a quiet dog," hovering between the support level of $0.30 and the 20-day moving average ($0.34). Currently, both bulls and bears are brewing their next move; let's see how it plays out!

Bulls vs. Bears: Waiting for a Key Breakthrough

In the past few days, DOGE's price has been oscillating between $0.30 and the 20-day moving average, with bulls attempting a counterattack, but bears are also firmly holding key positions, preventing the price from establishing a clear direction.

January 3: Breakthrough Signal?

If on January 3, the bulls successfully push the price above the 20-day moving average and hold, it may trigger a rebound:

First Target: 50-day moving average ($0.35)

Second Target: Strong resistance level at $0.42

This rebound range will be a critical phase for bulls to gain greater advantage.

Downside Risk: Watch for $0.30 Support

However, brothers should also be cautious of another possibility:

If the price falls below the $0.30 support level, the bears may regain the upper hand, and DOGE could further drop to $0.27, which is the 61.8% Fibonacci retracement level and also an important support range.

Bull Strategy:

If it breaks above the 20-day moving average, you can try to follow up in the short term, targeting $0.35 or even higher at $0.42.

Bear Strategy:

If it falls below the 20-day moving average or the $0.30 support, consider trying a light short position, targeting $0.27.

DOGE is currently in a phase of oscillation and accumulation, and breaking above the 20-day moving average may bring short-term rebound opportunities; however, if it loses the $0.30 support, the bears may take the initiative. The outcome of the bull-bear contest is about to be revealed; is your strategy ready?