In this tumultuous world of crypto, news is a sharp blade, and candlestick charts are the maps of the battlefield. As retail investors, we must be like sharp hunters, always keeping an eye on these two, to carve out our share in this unpredictable market. Today, let's have a good chat about DOGE.

From today's 4-hour candlestick chart of DOGE

The market movement is truly elusive. Previously, the price surged to around 0.24673, which became a formidable resistance level, like an insurmountable chasm. The price halted here and began to retrace. Now, the price hovers near the key support level of 0.22464, like a warrior standing on the edge of a cliff; whether to advance or retreat depends on this shiver.

From the news perspective

Recently, the crypto circle has been quite tumultuous. The news about DOGE is varied and numerous. Some reports say that large institutions have begun to take notice of DOGE, which undoubtedly injects a strong dose of confidence into the market. However, there are also some negative reports, such as certain exchanges tightening regulations on DOGE trading, causing many investors to have doubts. Just like before, when Dogecoin skyrocketed due to a few tweets from Musk, market sentiment was high, and everyone felt DOGE was about to soar. But later, market sentiment cooled down, and the price plummeted.

Personal Opinion

Currently, the movement of DOGE is very critical. If the support level of 0.22464 can hold steadily, DOGE is likely to launch another charge to challenge the previous resistance level. After all, market sentiment is sometimes like a gust of wind; it could turn at any moment. But if this support level is lost, DOGE may initiate a downward trend to seek support below.

So, dear friends in the crypto circle, you must closely monitor DOGE's movements, especially the situation at this key support level. Whether to seize the opportunity to enter or to cut losses and exit depends entirely on your decision. How DOGE will move next—whether it continues to struggle near the support level or makes a comeback—let's wait and see!

Remember! The market is not wrong, we are! I am @财月女神 , a top layout team, serving only ambitious madmen with vision!