$DOGE Issuance of nearly 100 million Dogecoin (DOGE) and its potential impact on the market:
- New issuance: Approximately 100 million DOGE are expected to be launched between July 28 and August 4, worth about 22.9 million dollars.
- Limited impact on price: Despite the large issuance size, a significant change in the price of DOGE is not expected due to the large daily trading volume (over 700 million dollars) and high liquidity in major exchanges.
- Regular issuance mechanism: The issuance schedule is clear and predictable, preventing sudden selling or a drop in token ownership, allowing traders to plan ahead.
- Technical price situation: DOGE is attempting to recover after reaching 0.28 dollars in July, currently stabilizing at 0.24 dollars, with strong support at 0.22 dollars. The main resistance is at 0.28 dollars, and a potential breakout at the 0.25 dollar level is an important observation point.
- Liquidity and market stability: High liquidity helps reduce price volatility, making the market less affected by the new issuance.
- Future outlook: Continued buying pressure may push the price to break resistance, while the market remains stable due to liquidity depth and clear expectations.
