Recently, the volatility in the crypto market has intensified, and the trends of several popular cryptocurrencies have attracted attention. Let's discuss the latest developments of DOGE, CFX, and SPK one by one.
First, let's talk about $DOGE . This wave of sharp decline has shown a strong downward V-shaped reversal pattern. Personally, I believe that this sluggish market is directly related to Elon Musk's low-key performance in the capital market and social circles recently. As the most important promoter of DOGE, if Musk continues to remain inactive, it will be quite difficult to reverse the downturn in the short term.
Next, let's look at $CFX . The price has been fluctuating quite frequently recently, but the market characteristics lean more towards a washout rather than a major force pushing the price up to sell. If it can effectively break through the key level of 0.22 in the future, and the trading volume increases significantly, it can generally be confirmed that the main force is accumulating strength. Once the breakthrough is successful, the probability of hitting 0.3 will greatly increase, making this point worth paying close attention to.
Finally, let's talk about $SPK . On the surface, the trend seems chaotic, but the underlying structure is actually quite solid. This market characteristic is very similar to the early consolidation phase of SAND.
A characteristic of such cryptocurrencies is that any pullback provides a good buying window; the current market is far from reaching a peak. I personally tend to believe that now is a good time to enter in batches, suitable for gradually positioning with position control.
If you are always uncertain, you can follow Rong Jie’s steps; the team’s winning streak continues. For those who want to follow the Shen Dan strategy and learn the methods, Rong Jie is here waiting for you.
