#DOGE Latest Binance price: $0.216, with significant short-term volatility!
🔥 Current Price:
The latest price for the Binance spot trading pair DOGE/USDT is approximately $0.216, with a 24-hour decline of about 6%, and trading volume exceeding 2 billion RMB (approximately $280 million).
📉 Why did it drop?
- After the previous positive news from institutions and Musk (such as BlackRock increasing holdings, X platform testing DOGE tipping) was digested by the market, funds took profits.
- The regulatory pressure from the US SEC on cryptocurrencies continues, and rumors of DOGE being classified as a 'security' are still brewing.
- From a technical perspective, the RSI has retreated from the overbought zone, indicating a significant demand for short-term corrections.
🚀 What's next?
- Support levels: $0.20 (50-day moving average) and $0.18 (200-day moving average) are critical defense lines.
- Resistance level: If it rebounds and breaks through $0.23, it may challenge $0.25, but it requires volume support.
- Risk Warning: DOGE is easily influenced by news, contract players should be cautious of sudden spikes, it is advised to watch the spot market for fluctuations.
💡 Little Fatty suggests:
- For short-term trading, consider buying near $0.20, with a target of $0.23;
- Long-term players should continue to pay attention to PayPal's cashback, X platform's progress in tipping, and consider building positions in batches below $0.18.
⚠️ Reminder: Cryptocurrency is highly volatile, don't go all in! Market conditions change in real-time, it is recommended to open the Binance APP to view the K-line 🐶💻
Remember to like and follow, your likes and follows are Little Fatty's motivation for continuous updates 😘#doge $DOGE