Brothers, Dogecoin has been quite strong lately! The current price is around $0.242. Brother Chen brings you the latest market analysis.

First, let's take a look at the technical pattern; the symmetrical triangle is nearing its end. If the daily line can stabilize above $0.2428, it will directly trigger a move to $0.27. This breakout signal deserves special attention! In terms of market momentum, the whales have been very active, sweeping up 1 billion DOGE in the past 24 hours, with the holding ratio nearing 50%, a historical high! The derivatives market has also exploded, with $3.41 billion in open interest for futures, and top traders have pushed it to 4.09, with leveraged longs dominating the screen! However, caution is advised as in the past 24 hours, longs were liquidated by 15.19 million, and shorts by 6.62 million, indicating that volatility might be more intense.

Now let's discuss the recent price fluctuations and trading volume.

On August 1st, it dropped by 8% to $0.21, with a trading volume of 1.25 billion. Interestingly, institutions took advantage of this pullback to buy 310 million, providing some support to the market.

By August 11th, it slowly rose by 3% back to $0.24, with a trading volume of $829 million. At this time, the whales also acted, increasing their holdings by $200 million. When breaking through key positions, the trading volume also significantly increased, indicating that funds are actively flowing in.

Today (August 14th) is even more intense, directly rising by 7% to $0.25, with peak trading volume reaching $29.2 million per minute, and open interest for futures skyrocketing to $3.41 billion. This surge in enthusiasm indicates that there have indeed been many actions from institutions and whales.

Brother Chen's operational advice: Go long around $0.2408, with the first target at $0.2468. If it breaks through, continue towards $0.2585. Make sure to set a stop loss, don't get carried away, and follow the rhythm! #doge