Friends, hurry up and take a look! Brother Yang will analyze the market trends and technical indicators for the afternoon Dogecoin (DOGE)行情.
Recently, DOGE has been quite impressive, completing a "descending wedge" breakout, which has released a strong reversal signal! As long as the trading volume continues to expand, reaching the $0.20 - $0.24 range is not a dream; it is simply an infinitely potential "growth stock"! Looking at the RSI indicator, it is close to the neutral zone of 50, and it is far from being overbought, what does this mean? The rebound space is quite ample, and there is still plenty of momentum for further increases!
Capital flows are also crucial. The trading volume increased by 13% in the past 24 hours, and the proportion of large transactions has risen significantly. It is clear that whales are quietly entering at lower prices, and large funds are positioning themselves, how can we not pay attention to this! The market greed index is 64, which is in a neutral to bullish state. If we get some positive news, such as Musk making a statement, or new developments with ETFs, it is very likely that the market will quickly surge, starting a new round of skyrocketing行情.
However, the market carries risks, and operations must be cautious. Everyone must keep a close eye on changes in trading volume and BTC trends, and absolutely avoid opening positions in the middle of a volatile range, otherwise, it is easy to get "stuck" by market fluctuations.
Brother Yang gives everyone an operating guideline: if it pulls back to around 0.19600 - 0.19900, then you can go long, initially targeting 0.20300. If the uptrend is strong, then look towards around 0.21100. But remember, the market is currently very volatile, so you must find the right entry point and not rush in impulsively. In the cryptocurrency circle, maintaining the right mindset and strategy is crucial for steady profits! #Doge🚀🚀🚀