$DOGE The trend of last night is equivalent to copying the bottoming and rebounding route of the previous day. It is nothing more than two bottoming yesterday. Dogecoin is now back above 0.32. Is it safe? There is a high probability of consolidation during the day today. At night, it can be divided into the following situations: 1. Continue to wash the market, break through the 0.3 support line strongly and then quickly pull up, forming an ugly probe, the purpose is to wash out the high leverage entered at around 0.315 yesterday; 2. We can also see from Figure 1 that it is currently a three-day decline in volume, and the blue mark indicates that its channel belongs to a bullish wedge, which may return to 0.33, or even rise to 0.35. We also saw that the trend of doge and btc is highly consistent, and the 90,000 support level of btc is equivalent to the support level of doge0.3! Only if BTC stands at 95,000 tonight and reaches 97,000 the next day can we say that DOGE has stabilized; 3. This possibility is the smallest, and it will continue to consolidate steadily, and we need to pay attention to the trend of US stocks!

The above views are personal conjectures and do not constitute any investment advice