财经少华
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Analyze Dogecoin (DOGE)
Dogecoin has risen to $0.20 in the past few days, then pulled back to the current $0.19552, breaking through the resistance level of $0.19.
Musk's attempt to publicly reconcile with Trump has eased political tensions, and speculation about the approval of a Dogecoin ETF has intensified. Trading volume approached $1.65 billion, an increase of 827% compared to the previous day, confirming the real interest in the market behind this breakout.
The main catalyst for the rise seems to be Musk's apology to Trump, where he stated that his recent remarks were "excessive." This marks a significant easing of tensions in their feud, and this reconciliation is of great significance to Dogecoin investors. Musk's conciliatory tone has reduced the systemic risk of his investment projects and indirectly boosted confidence in Dogecoin, as the Tesla CEO has always had a close influence on the price trend of Dogecoin.
The direct resistance level for Dogecoin is around $0.214. The golden cross pattern is still in effect, but this gap stopped narrowing on May 30, so the short-term bullish trend should continue for a few more days before confirming the medium-term bullish trend.
Next key focus: resistance level at $0.214. Support level at $0.186.
#DOGE
Dogecoin has risen to $0.20 in the past few days, then pulled back to the current $0.19552, breaking through the resistance level of $0.19.
Musk's attempt to publicly reconcile with Trump has eased political tensions, and speculation about the approval of a Dogecoin ETF has intensified. Trading volume approached $1.65 billion, an increase of 827% compared to the previous day, confirming the real interest in the market behind this breakout.
The main catalyst for the rise seems to be Musk's apology to Trump, where he stated that his recent remarks were "excessive." This marks a significant easing of tensions in their feud, and this reconciliation is of great significance to Dogecoin investors. Musk's conciliatory tone has reduced the systemic risk of his investment projects and indirectly boosted confidence in Dogecoin, as the Tesla CEO has always had a close influence on the price trend of Dogecoin.
The direct resistance level for Dogecoin is around $0.214. The golden cross pattern is still in effect, but this gap stopped narrowing on May 30, so the short-term bullish trend should continue for a few more days before confirming the medium-term bullish trend.
Next key focus: resistance level at $0.214. Support level at $0.186.
#DOGE
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
DOGE
0.17473
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