Brothers who follow Dogecoin, today let's talk about its market!

Currently, Dogecoin is fluctuating between $0.20 and $0.21. Although it has dropped by 4.3% today, it has risen by 42% over the past 30 days, and the overall momentum is still good. $0.20 is the support point that everyone is watching; if it holds, it will be more stable. The 24-hour trading volume has also increased by 73%, reaching $1.24 billion, and the market is quite active.

There are many positive signals on the bullish side: the 4-hour RSI is close to the oversold zone, and after a similar situation in June, it rose by 70%. This time there might also be an opportunity; the support at $0.20 is higher than in June, and if the head and shoulders bottom pattern breaks out, the target could reach $0.25-$0.27. Whales are also increasing their holdings, with funds moving away from exchanges, reducing selling pressure, which is beneficial for a rebound.

However, some small risks should be noted: Dogecoin has historically performed poorly in August, and it has already dropped by 5.3%; the resistance at $0.23-$0.26 is quite strong, and there are large transfers today. If there are sell-offs, it may cause some fluctuations.

In terms of operations, you might try going long around $0.20595-$0.20635, first looking at $0.21026, and if it breaks through, then look at $0.21465. The market rhythm often changes, so maintain patience and rationality, and being steady is more reassuring~#doge