DOGE Market Analysis: Soaring and Gaining Momentum, Can We Expect a Historical High?
Brothers, recent DOGE is really taking the spotlight! In the past 24 hours, the price has risen over 5%, directly outperforming the entire crypto market, truly the 'Dog King Returns'!
Why is Dogecoin so strong?
1. Musk's Support
Musk, the 'Father of Dogecoin', is at it again! Every time he mentions Dogecoin on his platform, the market immediately experiences an explosion, almost as if he carries 'market FOMO' attributes.
2. Whales Accumulating
Recently, the whales have not been idle. Data shows that in the past two weeks, large holders owning over 10 million DOGE have been aggressively accumulating, directly increasing their holdings by 140 million DOGE, which is no small matter!
3. Bullish Technicals
Bull Market Flag: On the daily chart, DOGE is forming a classic bull market flag. As long as it breaks through the upper line of the flag at $0.41, this surge could head straight for the previous high or even set a new historical high!
Short-term Pressure and Opportunities
Current Price: DOGE is currently hovering around $0.39, nearing the critical breakout point of the flag at $0.41.
Pullback Risk: RSI is overbought (77.25), and there may be a short-term pullback demand, possibly retracing to $0.35 or even the psychological level of $0.32.
Strategy Suggestions: Stay steady, don't rush!
1. For those holding:
Pay attention to the key level of $0.41; if it breaks, the target will be above $0.50.
If it retraces to the support at $0.355, don’t panic, hold your position, and buy more on dips!
2. For those observing:
Wait for pullback opportunities! It is recommended to set buy orders in the range of $0.31 to $0.35 and patiently wait for the market to explode.
Future Highlights: Historical New High or Consolidation?
This rise in Dogecoin is not just due to Musk's push, but also a result of market sentiment and whale capital working in tandem. If the flag breaks, the next target could be the previous high or directly challenge a historical new high!
Stay calm, follow the plan, and let’s witness this wave of the 'Dog King’s Comeback' together!
Stay Tuned: pnut om bome pepe doge
Still the same saying, the bull market is still here, and the market will continue to rise. If you want to double your investment, then keep up with Sen Ge's pace; contract and spot strategies are constantly updated daily, with limited spots. This afternoon, Sen Ge will provide fans with a live doubling code, so grab the chance to get first-hand information!! Comment 666 below.
