Family, let's talk about today's DOGE market for everyone's reference.

As of August 18, DOGE is priced at $0.223, down about 4% in the last 24 hours, but up 2% for the week.

Support levels are at 0.215 (Fibonacci 0.236 level) and 0.200 (psychological level). If it cannot hold, it may drop to 0.180–0.170; the main resistance level is 0.2455 (Bollinger Band upper limit), and if broken, it may aim for 0.266 (Fibonacci 0.382 level). The 24-hour trading volume is $6.2 billion, showing high activity, unaffected by large market liquidations.

On-chain, whales bought over 2 billion DOGE (about $450 million) in the past week, holding 18% of the total supply; the number of large transactions hit a one-month high, and subsequent volatility may increase. Long-term institutional holdings are about 12 million, and continuous inflow will help boost the price.

There are several bullish signals on the technical side: on August 14, the 50-day moving average broke above the 200-day moving average (golden cross), indicating a bullish outlook in the medium term; the stochastic RSI is out of the oversold zone, showing strong short-term rebound momentum; it also broke the downward trend line, entering an upward channel.

Market sentiment also brings good news: Tesla's supercharging stations support DOGE payments, potentially adding over 2 million new users; the approval probability for the spot ETF is 75%, and if passed, it may attract $5 billion in institutional funds, with a target price of $0.40.

Dragon's strategy today: go long around 0.2170-0.2200, with a target of 0.2283-0.2355. Just a reminder, the market is highly volatile, so manage your risks well! #DOGE