DOGE Today's Market Analysis: Bulls Celebrate, $0.17 is Within Reach!
Dear family members in the crypto circle, today's DOGE performance is simply explosive! The five-minute candlestick directly shot up with a big bullish candle, and the price skyrocketed like it was on a rocket, with trading volume also surging, clearly indicating that the main forces are frantically buying. MA10 has crossed above MA30 forming a golden cross, and the MACD histogram continues to lengthen, with the bullish power being ridiculously strong! Although KDJ has reached 73, just look at this trading volume; a pullback? Not happening!
1. Technical Aspect: The Battle Between Bulls and Bears Intensifies
First, let's talk about the candlesticks. Today's big bullish candle broke through the previous high, and the closing price firmly stands above $0.17, indicating what? It shows that the bulls have completely taken control of the situation! The BOLL lines are widening, and the price is racing along the upper track; at this momentum, $0.17 is definitely not the end, $0.18 is the next stop! However, I still want to remind you that KDJ has reached the overbought zone, and there might be fluctuations in the short term, but a pullback just gives an opportunity; those who understand know what I mean!
2. News Aspect: Musk's Call Continues to Ferment
Today's biggest news in the crypto circle is none other than the back-and-forth between Musk and Trump! This old chap Musk is criticizing the "big and beautiful" bill while being rumored to launch a new coin ELON DOGE on Solana. Although the news hasn't been confirmed yet, the market is already excited! With DOGE being the beloved coin of Musk, its status cannot be shaken in the short term! As long as Musk remains active on Twitter, the hype around DOGE will not diminish!
3. Market Details: Main Funds Are Frenziedly Buying
Now let's take a look at the market; today's trading volume shows that large funds are pouring in madly, and retail investors are also frantically following suit. The support level at $0.16 has already become a solid bottom, and the resistance level at $0.17? In front of the main forces, that's just a layer of window paper!
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