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.
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!
