DOGE Roller Coaster, Does Your Heart Race?
Recently, the DOGE market has been so thrilling that even an old trader like me can't help but feel the excitement! Just as it surged to a high of 0.213, it quickly fell back to 0.166, plummeting 3% within the day, even more exhilarating than Tesla's stock price!
On July 17, DOGE suddenly gained momentum, with futures trading volume skyrocketing 53%, open interest rising 12%, and short sellers facing a forced liquidation of 1.46 million dollars, while long holders remained steady as old dogs.
But in the blink of an eye, over 38 million dollars flowed out of exchanges, RSI hit oversold, and the price dropped back to 0.167 dollars. This operation might just pull out the roots of retail investors!
The most astonishing part is the whale activity, with large transactions crashing by 29%, and the trading volume of 6.63 billion DOGE halved. Are these big players collectively on vacation? In this market, should we be bottom-fishing or running away?
However, in the crypto world, bad news often leads to good news. The fear index has dropped to 25, and after extreme fear, it could just be a signal for a rebound. DOGE's historical peak was 0.74, and now it's only 0.166; this bubble has been squeezed too hard.
So this wave of DOGE trading goes up fast and comes down just as quickly. Will you choose to cut losses in panic or increase your positions in greed? Follow me, and let the divine guide you to see how high this roller coaster can go!
