📊 Dogecoin $DOGE Key Compression → Explosion Imminent
From the July peak, it has dropped 25%, now stuck at $0.218, with a market cap of $32 billion, firmly in eighth place.
The resilience of the old meme coin: you criticize its slowness, yet it always manages to last the longest.
The key point now: will it 'take off' or 'plunge' here?
🐂 Bullish Arguments
Round bottom + converging triangle → Breakthrough at 0.24 = Pressure cooker lid off, heading straight for 0.29～0.49
Weekly highs and lows are elevated → Long-term structure is still intact
Whales bought 680 million DOGE in August; if the ETF is approved, liquidity will explode
A tweet from Musk → The market reaches a climax in an instant
🐻 Bearish Arguments
Daily chart shows a 'wedge + head and shoulders top' death combination
Open Interest down 4%, leverage retreating, lacking ignition
If it cannot hold 0.22 = test 0.19, or even retrace to 0.1415
9% of new buyers are in profit, while others are nearly choking
⚖️ Key Conclusion
DOGE is like a pressure cooker, with 0.22 and 0.24 as the final safety valves.
Whichever side breaks, the direction will be confirmed. This is not a small shake, but a life-and-death battle for the meme sector.
🎯 Operational Strategy
Conservative: Wait for a breakthrough at 0.24 before chasing, target 0.29
Aggressive: Buy low near 0.22, set stop-loss to bet on a rebound
Faithful: Wait for a bloodbath at 0.19～0.20, aiming for a meme bull market of 0.70～1.0
🐶 DOGE is never about fundamentals, but about faith, emotions, and flow.
Disliking it is pointless, because every explosion could signal a turning point in market risk appetite.
This wave is not just about Dogecoin, but the fate of the entire meme sector.
