Brother Yang is here! Today let's talk about the market situation of Dogecoin～

First, let's look at the daily chart, which shows a bullish engulfing pattern—this means a larger bearish candlestick is followed by a smaller bullish candlestick, suggesting that the downtrend might temporarily pause. Now, looking at the 4-hour chart, the price is slightly above the middle line of the Bollinger Bands, indicating that the buying and selling sides are currently at a stalemate; the RSI has risen from the oversold area to 42.53, suggesting that the bearish momentum seems to be weakening. On the hourly level, the MACD indicator still maintains bullish momentum, and the histogram is getting longer, which is a positive signal.

The on-chain and market sentiment aspects are also quite interesting: in the past seven days, new DOGE addresses have increased by over 100%, active addresses have risen by 110%, and addresses with zero balance have surged by 155%. Whales have also been quite active recently, buying over 1 billion DOGE in the past month, worth more than $220 million. Additionally, the NUPL and MVRV indicators show that DOGE is nearing the opportunity zone; generally, when the MVRV ratio drops to between -9% and -20%, it might be time to start accumulating.

Brother Yang's operation plan is to wait for a pullback to around 0.20300-0.20500 to enter long positions, targeting first at 0.21100-0.22000. Everyone should still consider their own risk tolerance, and building positions in batches will be more prudent, so don't jump in all at once～ Alright, that's all for now, wishing everyone smooth sailing #DOGE