$DOGE Price Big Reveal: What Will Happen Next?
Friends, recently DOGE has really shown its strength, directly standing above the 50-day moving average, which is at the position of $0.38. This indicates that the selling pressure in the market has significantly decreased.
However, the bears won't give up easily; on January 5th, they tried to counterattack but were firmly blocked by the bulls. So, what will the trend of DOGE be next? Let's take a look together!
If DOGE can break through the $0.4 barrier, then its upward potential will be immense, and it might soar directly to $0.43, or even $0.48 is possible. But if the price accidentally falls below the 50-day moving average, then caution is needed, as the bulls might be retreating.
Speaking of support levels, the $0.38 position is our defense line right now. If it can't hold, the bulls might have to fall back to the 20-day moving average, which is at the $0.345 position. If that can't hold either, the price might drop back to around $0.3, then oscillate back and forth in the range of $0.3 to $0.39437.
On the resistance side, $0.4 is a tough nut to crack. If it can be overcome, the first target for the rise will be $0.43, with a larger target at $0.48, though there might be quite a few sellers waiting to offload there.
For our bullish friends, if the price breaks through $0.4, you might consider trying to buy in lightly, targeting $0.43, with a stop loss set below $0.385. Alternatively, wait for the price to stabilize after a pullback to the 50-day moving average before entering, which would be safer.
For our bearish friends, if the price falls below the 50-day moving average, you might consider trying to short lightly, targeting $0.345, with a stop loss set above $0.385. If the price then falls below the 20-day moving average, you can increase your short position, targeting $0.3.
In summary, DOGE is currently at a critical moment, with the resistance at $0.4 and support at $0.38 determining its short-term trend. We need to keep our eyes wide open and watch closely!
Altcoins are stirring, and I'm planning to ambush a potential coin ready to skyrocket, doubling is quite simple. I'm also preparing to find some potential coins to hold until the end of the year, expecting a space of over 10 times is not a problem, those who like spot or contracts please like + leave a message to follow my lead.
