The money in the crypto market has always been a reward for the bold and a graveyard for the timid!
Today's DOGE market perfectly illustrates this saying—on the 1-hour candlestick chart, the support level at $0.214 feels like a fine steel wire, suspending everyone's heartbeat! The technicals hide a rebound signal, but tonight's tariff storm could directly cut the wire!
First, let's talk about the news bomb:
The U.S. is raising tariffs by 15%-50% on the EU and South Korea tonight, and the market is in shock! Looking back at when Trump imposed tariffs in April, Bitcoin plummeted by 10% in a week, and DOGE fared worse with a 14% drop. However, this time there's a variable—Tesla supports DOGE payments in 15 countries globally, and you can settle at supercharging stations with Dogecoin. This solid real-world application could be a lifesaver!
Breaking down the technicals:
Trend lines: MA5 and MA10 are both pressing down, with short-term bears in control, but trading volume around $0.214 has shrunk, indicating bulls might be holding back a big play? Key levels: bouncing between $0.214 and $0.242; if it breaks below $0.214, it’s a direct fall to $0.2; standing firm at $0.242 is necessary to claim a reversal! Indicators: MACD is still lurking underwater, but the histogram has shortened, suggesting bulls are quietly gathering strength. KDJ golden cross + oversold, this rebound has a 60% probability!
Personal opinion:
DOGE is now a 'news betting dog with slippery technicals'! Major negative from tariffs vs. major positive from Tesla, tonight is bound to be turbulent. If $0.214 holds, combined with a KDJ rebound, it could reach $0.24 in the short term; if it breaks, it’s heading straight for $0.2! But looking long-term, the payment scenarios for Dogecoin are spreading wider and wider, and $0.5 is not a dream!
Ending hook:
Right now, DOGE is dancing on the line of life and death! Will you choose to believe in Tesla's payment revolution or be scared by tariffs into cutting losses?
If you’re unsure about the specifics, you can follow me for real-time reminders, 24 hours a day, for friends who have followed me, pay attention to my main page #Goge .
