Today plummeted

Will Doge's explosive potential ignite the market again? Key level interpretation!

Doge (Dogecoin) has always been one of the most talked-about stars in the cryptocurrency world, with its price movements stirring the nerves of investors. Currently, the price of Doge is $0.38404, although it has slightly dropped by 0.10% during the day, the rebound from the low of $0.26216 has formed a strong trend, and market sentiment is gradually warming up.

Technical Analysis:
• The RSI indicator (6) has reached 71.70, showing strong bullish momentum. Although there are short-term overbought signals, the retracement is limited.
• MACD has entered the positive territory, indicating a clear bullish trend.
• The moving average system shows a bullish arrangement, especially the MA(7) and MA(25) forming a golden cross, providing support for the medium-term rise.

Key Levels:
• Support Levels: $0.375, $0.360
• Resistance Levels: $0.395, $0.484

Operational Strategy:
1. Conservative Investors: Gradually build positions near $0.375 during price corrections, targeting $0.395, with a stop-loss set at $0.360.
2. Aggressive Investors: Follow up after breaking through $0.395, targeting $0.484, with a stop-loss set at $0.375.
$DOGE


Recently, both the on-chain transaction volume and the number of active addresses for Doge have rebounded, while Elon Musk has mentioned Doge multiple times on social media, injecting strong market expectations. Coupled with the continued expansion of Doge's application in payment scenarios, the attention from funds is expected to further increase.

Do you think Doge can replicate the miracle of explosive growth? Or is this wave of increase just the market's 'temptation'? Feel free to share your thoughts in the comments section and discuss the future of Doge together!

【Every day we share the latest updates and operational strategies for mainstream and trending coins, follow us to stay on track and seize new wealth opportunities!】