Do you remember the crazy bull market in 2021? At that time, Dogecoin surged violently by 8 times in a single day with a trading volume of $DOGE , igniting the entire cryptocurrency market's sentiment to a boiling point. Following that, various altcoins soared wildly, with tenfold increases in a week and hundredfold increases in a month becoming commonplace. That kind of madness where "you could make money just by closing your eyes and buying" makes your heart race just thinking about it.
This year's bull market has clearly seen a milder season for altcoins, making it hard to replicate the violent price movements of previous years. I wonder how many old investors in front of the screen have struggled through that crazy bull market of 2021? Those days of staying up late to monitor the market, following the community's trading signals, cheering or crying over a K-line, are they still etched in your memory?
Give me a thumbs up so I can see how many old buddies are still in this circle, who chased after $DOGE and witnessed the myth of altcoins back then? 👍👍👍
Recently, Dogecoin has been fluctuating around $0.27, with EMA7 and EMA30 supporting the market near $0.27, and it may need to consolidate for a while. The K-line has continuously shown high-position doji, indicating that the price can't rise further but hasn't completely reversed yet; the MACD's red bars are shortening, and the two lines are starting to turn down, so caution is needed for a pullback. However, the moving averages are still in a bullish arrangement, with the price running above the moving averages, so the medium-term trend hasn't turned bad. The Bollinger Bands are widening, with the price sticking to the upper band, but trading volume has decreased by 30% compared to before, indicating fewer people are chasing highs.
Trading Suggestions
Short-term: If it can hold around 0.27, you can try a small position; if it breaks below 0.268, run quickly;
Long-term: If you have positions, you can continue to hold, and if it breaks through the previous high of 0.287 (March high), you can add more.
Risk Warning
If the MACD completely crosses down below 0.27, there could be a sudden crash, and if it breaks below 0.263 (Fibonacci retracement level), you need to reassess the trend. The current market sentiment looks pretty high, but don’t be fooled by the TTSI indicator; be careful of getting trapped at high positions.
Screwing around alone will never lead you to opportunities. Give me a follow and stick with me, and I will guide you to dig out tenfold potential coins! Holding top-tier primary market resources!
