Dogecoin, the 'happy engine' of the crypto world — as Bitcoin charges ahead, Dogecoin follows closely, faith remains unshaken, and the upward trend continues!
Currently, DOGE/USDT is quoted at 0.16500, with an increase of 0.26%. From the 15-minute candlestick chart, the price oscillates between 0.16236 and 0.16804, showing short-term support but unclear direction.
MA7 has crossed above MA30, forming the prototype of a 'golden cross'; the technical indicators are slightly bullish, but trading volume is sluggish (current trading volume is 1.32 million, below the average volume of 1.82 million), limiting the rebound strength.
MACD is close to the zero axis, with bulls and bears in a stalemate; the market may choose a direction once the volume increases. If it breaks above 0.16804, it is likely to test 0.170; conversely, if it falls below 0.16342, it may retest 0.162.
On the news front, Bitcoin is currently quoted at 107,799 USDT, maintaining a high-level oscillation, and DOGE's trend closely follows BTC. Recently, Musk mentioned 'Dogecoin to the moon' again, and the community's response has been enthusiastic, which may act as a short-term catalyst.
**Operation Suggestions:** Mainly observe in the short term; if it breaks out on volume above 0.16709, a small position can be tried for a long, with a take profit at 0.170 and a stop loss set at 0.163.
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