Dogecoin struggles at the crossroads of news and technology, $0.16 is the line of life and death, the next second could be either a deep abyss or a spring!
News front: ETF expectations provide support, but market sentiment remains cold.
ETF approval is the biggest variable: the probability of the US SEC approving the Dogecoin spot ETF is as high as 90%. If approved, it could trigger institutional funds to enter, becoming a key catalyst for reversal.
On-chain signal divergence:
Selling pressure is emerging: the recent 'coin burn days' indicator has surged, reflecting massive movement of old coins, some large holders may be taking profits;
Bottom-fishing undercurrents: net outflows from exchanges have continued for two weeks, suggesting that funds are secretly accumulating, but the scale is still insufficient to reverse the trend.
Industry dynamics are dull: progress in gaming ecology and payment scenarios is slow, lacking short-term stimulus points, while competing coins divert market attention.
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Technical perspective:
Four-hour chart key signal:
Bollinger Bands opening downwards: price is closely sticking to the lower band around 0.165, the downtrend channel is complete, a rebound needs to stabilize above the middle band at 0.189;
Weak golden cross under MACD: although a golden cross appears, DIF and DEA are close to the zero axis below.
Key price anchor point:
Support: 0.148-0.147 - breaking below looks to 0.13 or even 0.10;
Resistance: $0.21 is the dividing line between bull and bear markets, a large number of trapped positions are accumulated here, only a breakthrough can open up upward space.
#加密市场反弹
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