Dogecoin has seen almost no fluctuation in the past few days, firmly stuck between $0.16 and $0.18! But history tells us— the calmer it is, the more hidden dangers there are! A super market trend of 60% is brewing, either soaring or crashing the market! The decisive moment: $0.16 vs. $0.22 bull market nuclear explosion point (+60%): once it breaks $0.22, DOGE will start a violent rise, rushing to $0.35 (the highest point since January)! Bear market meat grinder (-60%): if the $0.16 defense line collapses, DOGE will plunge into the abyss, crashing below $0.10!
On-chain nuclear signal: $35 million great escape!
According to CoinGlass data, over $35 million in Dogecoin has been withdrawn from centralized exchanges in the past 48 hours. On June 19 alone, the net outflow exceeded $3.36 million.
This trend indicates that traders are converting assets into self-managed assets, which typically suggests an intention for long-term holding. The selling pressure at key technical support levels has weakened, increasing the likelihood of a rebound.
RSI divergence + MACD charging!
The price of Dogecoin has recently hit a new low, while the RSI has formed higher lows, currently at 35.90. The strange divergence in RSI suggests that bearish momentum is weakening and may indicate a bottoming rebound.
Meanwhile, the momentum in the negative zone of the MACD indicator has begun to flatten out. In the past few days, the histogram has narrowed, which is usually an early signal of a momentum shift, and a golden cross may happen at any time!
Super catalyst: Musk's X platform is about to ignite DOGE!
(Financial Times) Solid evidence, X (formerly Twitter) is about to launch built-in trading, allowing X's 500 million users to buy and sell DOGE directly! Liquidity explosion! Retail investors are pouring in madly!
Musk's support for Dogecoin will give it an advantage. By integrating trading, X can further push Dogecoin into the mainstream market. The trading volume of Dogecoin will significantly increase. As more people trade Dogecoin on the X platform, higher accessibility can enhance liquidity (faster transaction speeds and smaller spreads).
Musk + DOGE = Invincible combination! Will history repeat itself? The 2021 raging bull market 2.0?
DOGE is about to enter 'either sky-high or ground-low' mode! Will you choose to grasp the wealth code or become the fuel for liquidation? Now is the decisive moment!
That's it for today's article. In the upcoming bull market, I will guide you to target the wealth opportunities in altcoins, expecting a growth space of over 10 times is not a problem.
