It seems like a crash, but in fact, hidden opportunities to make money
The current price of Dogecoin has dropped to $0.1685, causing many investors to panic and lament that the trend is lost, especially since even the key resistance level of $0.1880 could not be reached. However, those veteran players who are well-acquainted with Dogecoin's movements in 2021 remain astonishingly calm. In their eyes, this is not a real crash, but rather the main players employing old tricks again, staging another round of 'low-price harvesting.' Currently, the divergence signal of the relative strength index (RSI) has already appeared, and the market is just waiting for a strong bullish candlestick to instantly ignite investor enthusiasm. In the short term, the target price of $0.1780 is within reach, and the $0.2 price level is also very likely to break through at any time, while even the high of $0.33 is not an unattainable dream but the next battlefield about to be opened for investment.
Whales quietly hoard, exchange inventory is in urgent condition
On-chain data reveals a shocking fact: recently, large holders have quietly purchased over 100 million Dogecoins (DOGE), causing exchange balances to continuously decline. This phenomenon is by no means a sign of large holders 'running away'; on the contrary, this is the main players carefully positioning themselves. The main players have a long-term vision; they are not concerned with short-term price fluctuations but are dedicated to lowering their holding costs. Unlike the calmness of the main players, retail investors often easily chase highs and cut losses, while the main players are secretly collecting nets, eliminating hesitant investors through wash trading, and steadily positioning themselves. Once the main players gather enough chips, a grand doubling trend will unfold.
Low trading? No, this is the calm before the storm
The current market atmosphere does indeed seem lifeless, with trading volume continuously low, and the number of active addresses has also significantly decreased. However, this seemingly quiet situation is exactly what the main players desire. They aim to quietly position themselves when the market is neglected and the chips are loose. Before every upward movement, the market must inevitably go through such a 'silence period.' Once market sentiment warms up, for example, if Elon Musk again makes statements similar to 'Dogecoin to the moon,' the market trend could rapidly soar like a rocket.
$0.16: The life-and-death defense line, holding it is the beginning of a counterattack
The most critical point is that $0.16 has become Dogecoin's 'death line.' Once this price level is broken, Dogecoin's price may briefly test $0.145. However, in terms of probability, the likelihood of this happening is very low because the main players would never easily hammer down the price and harm their own interests. As long as they can maintain this key price level of $0.16, Dogecoin's rebound journey will have begun, with target prices of $0.2, $0.27, and even $0.33 all filled with hope. The path for Dogecoin's price to double is clear, like a smooth highway, and whether you can secure a place at this investment feast depends on whether you can seize the current opportunity.
