$DOGE ready to take off? How far can the main bull wave go this time?

Dogecoin has recently shown significant strength! Not only has it broken through the dual resistance of the trend line and neckline, but it is currently retesting to confirm support. As long as it can hold above the $0.20 level, the market outlook is bullish. For those looking to get in, pay attention to the support level around $0.203, while $0.196 and $0.190 are key defense lines; if it breaks below these, caution is advised.

There are two major positive news items: If Grayscale's ETF is approved, institutional funds are expected to enter the market on a large scale; on the other hand, the news related to Musk's ecosystem continues to ferment, and the market is beginning to shift from viewing it as a “joke coin” to recognizing its value for “practical payments,” reopening the expectation space.

From a technical perspective, the support around $0.20 has finally stabilized after multiple fluctuations. The MACD indicator shows that bullish momentum is increasing; however, the RSI has broken the midline and the number of new on-chain addresses has skyrocketed, suggesting that there may be a directional choice in the short term. It is crucial to see if the resistance at $0.2095 can be broken, and whether Bitcoin can stabilize above $116,000. If these two conditions are met, DOGE is likely to enter the main bull wave; otherwise, if the $0.20 support fails, it may face adjustment risks in the short term.

In terms of operational strategy, $0.20 is a key watershed for bulls and bears. If it breaks through, consider building positions in batches while closely monitoring the SEC review dynamics and Musk-related developments, as these two variables will directly impact whether DOGE can break the ceiling of “meme coins.” This is a critical moment, don't miss out on this potential major market movement! #香港稳定币新规