[DOGE Short-term Trend Analysis]
Currently, DOGE is in the key range of 0.235-0.240, with intense bulls and bears competition, but the probability of a short-term upward breakout is relatively high. If it can stabilize above the 0.225 resistance with increased volume, it may quickly test 0.247 (Fibonacci resistance) or even target 0.265.
Core Basis:
1️⃣ Whales continue to accumulate: In August, over 680 million DOGE were accumulated, with low buy orders concentrated around 0.21, providing strong support;
2️⃣ On-chain activity is rising: The number of holding addresses exceeds 8 million, with a surge in new addresses, indicating a healthy fundamental;
3️⃣ Technical formation is bullish: A rounding bottom + cup and handle formation is developing, and if it breaks through the 0.29 key level, the medium to long-term target is 0.54.
Operational Suggestions (Mainly bullish perspective):
· Aggressive: After breaking 0.225, look for a pullback to go long, with a target of 0.247→0.265, stop loss below 0.220;
· Conservative: After a rebound on the support at 0.21/0.20 stabilizes, gradually accumulate positions, with a stop loss at 0.195, same target as above.
⚠️ Attention:
Be cautious of the risk of retracement driven by market volatility (especially BTC trends);
Position management is key, avoid heavy positions, and strictly set stop losses!
(For reference only, not investment advice)
