Is Dogecoin still worth buying? Let me analyze it.
Current Market Risks
Policy Suppression: The SEC has postponed the approval of the Dogecoin ETF, and the price has fallen to $0.17 (a 15% drop from the peak). Technically, it is approaching the critical support of $0.1547. If it is lost, it may drop to $0.1358.
Geopolitical Impact: Conflicts in the Middle East have pushed up safe-haven assets such as gold and crude oil, and the outflow of funds from the cryptocurrency market has intensified volatility.
Potential Opportunities
Community Power: The celebrity effect of Musk and others still exists. Historical cases show that his remarks can trigger a short-term increase of 20%-30%.
Low Unit Price Speculation: $0.17 has become a “line of life and death.” If the volume breaks through $0.205, it may trigger a rebound to $0.3. The medium and long-term bull market target is $0.75-$1 (requires market sentiment to cooperate).
Key Risks
Unlimited Inflation: 5 billion coins are issued annually, diluting long-term value (compared to Bitcoin's deflationary model).
4. Final Advice: Define boundaries and avoid the risk of going to zero.Conditions for entry:
Short-term support level rebound signal ($0.15-$0.17), long-term technical breakthrough (such as smart contract implementation)
Absolutely Avoid: No stop-loss plan, aversion to volatility, pursuit of value investment (DOGE lacks fundamental support)
Position Discipline: DOGE accounts for ≤10%, combined with BTC (40%), gold (20%), and stablecoins (30%) to diversify risk.
Conclusion: High-risk game tool, not value investmentConditions for purchase: Short-term oversold rebound ($0.15-$0.17), long-term faith fixed investment (community support).
Avoidance conditions: Aversion to volatility, pursuit of fundamental investment, or inability to bear the risk of going to zero.
#狗狗币崛起 #狗狗币现状及未来 $DOGE Opportunities and risks coexist in the currency circle. Staying vigilant and finding the right time are key. I also discovered a short-term skyrocketing project with huge doubling potential! If you want to keep up, click on the avatar to follow me and share it for free!