Today's analysis of $DOGE shows that the current price is stuck around 0.2225, with two barriers above and below: the upper at 0.2263 pressing down and the lower at 0.2207 supporting up. The fluctuation for the whole day is only 2.48%, which is a typical grinding market. The moving averages are all clustered together, indicating that the cost of long and short positions is about the same, and neither side has the upper hand. The key point to watch is the bottom line at 0.22; today's lowest point just hit here, and it hasn't broken below. If it breaks with increased volume, it could potentially look for a bottom at 0.218 or even 0.215 in the short term; if it holds, it will continue to hover.
Technical indicators are all flat; the MACD line is close to the zero axis, and the green bars are as short as a needle, indicating that both long and short positions lack momentum; the RSI is fluctuating between 40-50, neither overbought nor oversold. In simple terms, the indicators are not providing direction, so we are waiting for news to give a push.
The news front is crucial; Musk mentioned that SpaceX's Starlink might support DOGE payments, but it’s not confirmed yet. If this actually happens, it would be a significant positive for DOGE, but we must be cautious about the lack of confirmation; the market is prone to speculative trading, and if it doesn't materialize, it could lead to a sell-off.
Today's price movement is divided into two segments: during the day, it is highly likely to grind in the small range of 0.220-0.226, with 0.22 as the bottom line; if it breaks this, caution is required. The evening session after the European and American markets open is a key point. After the news is released, good news might push it to 0.226 or even the previous high of 0.228, but we need to observe the trading volume; if the news is bad or there is no news, it may not hold 0.22, and if it drops, a break below 30 on the RSI could trigger panic selling.
In terms of operations, do not place random bets! The current market and news are ambiguous, and the risk of being trapped is high. Keep a close eye on 0.22 and 0.226; whichever side breaks out with increased volume, follow that side, but it must be with a light position! In this kind of news-driven market, the price moves quickly, so take profits and don’t be greedy. If you really want to get in, wait until the evening when the news is released, and see if there is a golden cross/death cross near the MACD zero axis, and whether the RSI hits 70 or drops to 30, then combine that with trading volume for a more secure judgment.
