Family, this afternoon Long Ge will chat with everyone about the market for Dogecoin today.

Currently, DOGE is stable around $0.21, with a 24-hour volatility of ±3%, which is not large, but the trading volume has doubled to $829 million, and the market has come alive. However, it should be noted that the NASDAQ in the US stock market fell by 1.46% today, and tech stocks also retreated, with Nvidia down 3.5%, indicating a rise in risk-averse sentiment. DOGE has not followed the decline, but the correlation with risk assets may increase, so one should stay alert.

From a technical perspective, the support level is at $0.207–$0.212, which has been tested multiple times and is quite stable, with buying pressure concentrated there. The resistance level is at $0.213–$0.222; if it can break through with volume, the target could reach $0.25–$0.28. On the signal front, the 50-day moving average has crossed above the 200-day moving average, forming a golden cross, which is bullish in the medium term, and historically similar situations have seen a 130% rise. The RSI is at 57, neutral to strong, and the MACD histogram is shortening but has not crossed over, so we need to see if the bulls can exert strength to consolidate their advantage.

In terms of driving factors, the whales are acting, with a mysterious address sweeping up 1 billion DOGE in 48 hours, worth about $200 million, accounting for 0.7% of the circulating supply, which has reduced selling pressure and boosted the price. The expectations for ETFs are also heating up; Bloomberg analysts say the approval probability is 90%, and if approved, institutional funds could flow in massively, acting as a catalyst for a growth phase bull market. However, derivatives carry risks, with open contracts up 63.9% week-over-week, and shorts accounting for 60%. If the price continues to rise, it may trigger a short squeeze, accelerating towards $0.25.

Long Ge's strategy today: go long directly around $0.2080–$0.2110, with a target of $0.2175–$0.2238. The strategy is time-sensitive, and specific actions should follow the actual market, for reference only. #DOGE