Dogecoin is exploding! The tug-of-war between bulls and bears intensifies, what should holders do?
$DOGE fell 8% in a single day, rebounding after touching a low of 0.19, with strong support forming around 0.20. During the crash, the hourly trading volume reached 1.25 billion coins, with panic selling and leveraged liquidations coexisting. If it falls below 0.20 USD, it may test 0.18-0.15 in the short term.
The 0.25-0.26 pressure zone has failed to break through five times, with the lower edge of the descending wedge under pressure or falling towards 0.06; however, the RSI is close to oversold, and the MACD's downward momentum is slowing. Coupled with a bullish engulfing pattern on the monthly chart, rebound demand is emerging.
Whales have bought against the trend, acquiring 310 million coins, and the Bit Origin fund has increased its holdings by 40 million coins; the number of new addresses for retail investors has increased by 100%, but the number of zero-balance addresses has grown by 155%, and net outflows from exchanges are increasing, easing selling pressure.
Short positions account for 52.51%, while long accounts represent 75.8%, which may trigger a short squeeze. Open interest has decreased by 1.05 billion USD, releasing leveraged risk. However, the macro environment is under pressure, with expectations of interest rate hikes from the Federal Reserve and Trump's tariff policy impacting the market, causing DOGE to be affected.
In terms of operations, stabilize above 0.22 and break through 0.23, bullish towards 0.25-0.30; if it falls below 0.19, be cautious of 0.18-0.15. Current trading can be done in segments, or follow the whales' layout, or shift towards DeFi staking or BTC/ETH hedging for the long term.
Key focus on the effectiveness of the 0.20 support, whether Bitcoin falls below 113,000, and Musk's statements.
Some are being liquidated, while others are trembling. If you are always unsure, you can follow Sister Rong's steps; the winning streak of the team continues. For brothers who want to follow the Shen Dan strategy and learn the methods, Sister Rong is here waiting for you.
