8.18 DOGE Analysis
From the market perspective, Dogecoin is currently at a critical juncture. Technically, it has formed a structure similar to a head and shoulders pattern, which theoretically presents a risk of weakening. However, the price is currently sitting on an upward trend line, and previous retracements have found support here, making this the last line of defense for the bulls.
Therefore, this is a typical "Bull-Bear Battle Point," and it is not appropriate to recklessly bet on the left side.
Focus on right-side trading
If the market effectively breaks below the 0.220 level and confirms with a closing, one can follow the trend and go short, targeting 0.210—0.205;
Conversely, if the market stabilizes above 0.220 and breaks above 0.230 again, it can be seen as a successful defense by the bulls, and one can follow the trend and go long, first targeting 0.240, then looking at 0.250.
