$DOGE The flip of the salted fish is confirmed! Breaking through the key resistance level, how high can this main upward wave go?
Now the DOGE trend has reversed, and it is clearly on an upward path. Not only has it broken through the trendline resistance, but it has also surpassed the key neckline, and is currently retesting to confirm support, with a continued bullish trend expected. If you want to enter the market, around 0.203 is a good opportunity, with support levels at 0.203, 0.196, and 0.190 below.
From a news perspective, if Grayscale's ETF application is approved, institutional funds will be able to enter the market. Additionally, rumors about Musk's ecological linkage are becoming increasingly heated, and the market's view of DOGE has shifted from a funny meme coin to a payment tool, which could very likely lead to a reassessment of its value.
From a technical perspective, the price has stabilized after fluctuating around the 0.20 USD support level, and the MACD histogram is also expanding, indicating that bullish momentum is growing. However, the RSI has dropped below the midpoint, and the significant increase in new on-chain addresses is somewhat contradictory, suggesting a potential directional choice in the short term. If it can break through the 0.2095 USD resistance level, coupled with Bitcoin stabilizing at 116,000 USD, DOGE is likely to start a new round of significant increases; conversely, if it falls below the 0.20 USD support, caution is warranted due to the potential for a market sentiment cooldown leading to a downturn.
Therefore, in terms of trading strategy, treat 0.20 USD as the dividing line between bullish and bearish. If it breaks through, buy in batches while closely monitoring the SEC review and Musk's updates, as these two are crucial to determining whether DOGE can break through the meme coin ceiling.
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