The $ETH has surged to 4300, while $DOGE is still lingering around 0.20-0.22. In August, it almost fell below 0.2, but recently a giant whale dumped 1 billion DOGE into the market. Although open contracts have decreased by 40%, there are signs of funds returning.
On the technical side, the 4-hour RSI has dropped below 30 multiple times. In the past, such a situation could lead to a monthly increase of up to 70%. If it can break through the 0.22 resistance, it might directly surge to 0.3-0.34. However, August has historically been a weak month for Dogecoin, and if Bitcoin falls below 120,000 or if CPI data is unfavorable, it could drag down the market.
In terms of operations, accumulate in batches around 0.19-0.20, and withdraw if it falls below 0.175; if it breaks through 0.22, you can increase your position, targeting above 0.3. It’s recommended to use low-leverage contracts for quick entries and exits, with strict stop-losses, while also monitoring whether Ethereum can stabilize at 4000.
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