Family, come take a look! The Dogecoin market on August 9th is absolutely amazing! It surged 8% in one day, directly hitting $0.223! Now, Yang is here to discuss the market analysis for the night of the 10th.

On-chain data shows that whales have purchased 230 million DOGE in the last 24 hours. It is obvious that large funds are entering the market crazily! From a technical perspective, DOGE successfully broke through the downtrend line on July 28, completely turning from a bearish market to a bullish one. The price is now steadily above the 20-day and 50-day moving averages, and the RSI indicator is hovering around 60, not yet entering the overbought zone, indicating that there is still plenty of room for further increases!

However, the short-term important resistance levels are between $0.25 and $0.27. If it can strongly break through, there is hope to challenge $0.29. Currently, the market sentiment index has reached 64, indicating a state of greed, which is generally a signal for continued increases. Moreover, on-chain trading volume has increased by 15%, and various signs indicate that this wave of Dogecoin is really strong!

Yang offers everyone some trading advice: near $0.22700 - $0.23000, you can go long, targeting $0.23600 first. If the market performs well, aiming for $0.24500 is also possible. But everyone must remember that the market has risks, and investment should be cautious! Let’s pay close attention together and adjust strategies in a timely manner! #Doge🚀🚀🚀