$DOGE Can Musk Save It? Liquidity Crisis May Trigger New Wave of Sell-offs!

Dogecoin was never meant for long-term holding; it's purely a casino for speculators and a machine for harvesting retail investors. This is too true for DOGE.

From a technical perspective: The current price is $0.219, up 3.98% in the last 24 hours, but after a peak during the day, it has retreated, and the bullish momentum has clearly weakened. The daily MACD histogram is still negative, but it's narrowing, indicating that the bulls are gathering strength, but there is no clear overall trend, so don’t blindly chase rises and sell on dips. The KDJ indicator is even more exaggerated, sitting at -1.0, severely oversold! Based on historical experience, when KDJ falls below 20, DOGE usually rebounds within 1-3 days, but this time be cautious of a false rebound; if trading volume doesn't pick up, the rebound might just flicker.

Key levels: Support at $0.2057; if it falls below this, a technical sell-off may drive it directly to $0.19; resistance at $0.2429; if it stabilizes above this, there’s a chance to push to above $0.26.

Speaking of Musk, he has always been the emotional switch for DOGE, but this time it may be different: Recently, he has mentioned DOGE less frequently, and the market has become immune to his calls; the SEC in the U.S. is investigating the compliance of trading on social platforms, which may limit DOGE's liquidity; the Reddit DOGE to $1 movement and Telegram copy trading bots in the community are making retail operations increasingly homogenized, leading to more intense volatility.

Operational advice:

Short-term: You can try around $0.220, set a stop loss at $0.2185, and aim for $0.230; if that breaks, then target $0.240.

Long-term: Buy in three batches in the range of $0.2035-$0.219, with each purchase not exceeding 5% of total funds, and take profits in batches above $0.26; if it falls below $0.19, cut losses unconditionally.

By the way, there’s also an online seminar titled "From Joke Coin to Innovation Driven: Decoding the Transformation of the Dogecoin Mining Ecosystem" recently, which might become a new story for DOGE. As for whether it will drop below $0.2 tomorrow? The current support is at $0.2057 and if it falls below this, $0.2 is likely to be breached, but it still depends on market conditions. What will happen next? When to enter, when to exit? @链上十三姨 Here are the answers you want to know! #ETH走势分析 #美联储降息预期