Family, today Brother Hao is here to talk about the recent market conditions of Dogecoin (DOGE), pure dry goods, be sure to like and save!

First, let's look at the bull market support zone. From the weekly chart, it's clear that the range of 0.19 - 0.21 has been a historical bull market support zone. After Dogecoin broke through this area in July, it is now undergoing a retest. If it can stabilize within this support zone, it is very likely to trigger a rebound, which is a key signal that everyone should keep a close eye on.

Next, let's talk about the situation of bulls and bears. From the daily level, if the 50-day moving average crosses below the 100-day moving average, forming a 'death cross', it will likely accelerate the downward trend, which is not a good sign; but if it can hold the price level of 0.21 USD, there is hope for market recovery, and it might even rise further.

There is also an important piece of news: last week, whales bought 2 billion DOGE, spending about 500 million USD, increasing their holdings to 27.6 billion DOGE, which accounts for 18% of the total supply. This indicates that the whale big shots have strong long-term confidence in Dogecoin, and their actions often influence market trends, so we small investors need to pay more attention.

Currently, the price of Dogecoin is 0.213, which is at a key point of the bull-bear battle. 0.21 USD is the short-term lifeline; if it can hold, with the whales increasing their holdings and expectations of an ETF, combined with technical patterns, there is a good chance for a rebound; but if it cannot hold, it may drop to 0.16 USD, which poses a significant risk.

Finally, Brother Hao would like to share today's operating guide: consider going long around 0.20850 - 0.21250, with an initial target of 0.21650. If the market is good, it might even reach 0.22030. However, investing has risks, so operate cautiously. If you have any questions, feel free to leave comments and discuss!