Dogecoin is fiercely battling at the 0.2099 threshold! In just a few hours, the price has been like a 'spring' compressed to its limit, with a one-sided market potentially ready to explode at any moment!
Key focus on the defense battle at 0.2080-0.2100 has begun, with the current price hovering right at the core support zone of 0.2080-0.2100, which is the 'cliff edge' of the bulls and bears showdown:
Once lost, the 0.2050 Fibonacci key level will be the first to be breached; the 0.2000 psychological barrier is likely to be unable to hold; if the market becomes extreme, the 0.1880 historical low may face a test.
1. Technical Analysis:
MACD: The green bars on the hourly chart continue to shrink, and the bearish momentum is about to exhaust;
RSI: The 38-42 range is nearing oversold, and the rebound 'fuse' is already in place;
2. Pattern Alert: The symmetrical converging triangle is nearing its end, and a breakout is expected to bring about 40% violent volatility, with bulls and bears secretly finalizing their direction.
Giant whales + leverage + policy triple risks hide deadly traps!
3. News: On August 25, 900 million DOGE was dumped on Binance, triggering panic selling, but during the same period, whale addresses bought back 680 million coins, revealing long-term layout ambitions;
The total open contracts for altcoin futures reached 61.7 billion USD, with high leverage 'bombs' ready to trigger a series of liquidations at any moment;
The Federal Reserve tightening policies suppresses risk assets, leading to a sharp decline in DOGE speculation heat.
4. Operational Strategy:
A light position can be taken for longs in the 0.20700-0.21100 range, strictly maintaining the stop-loss line at 0.2050!
First target: 0.21500
Second target: 0.22300 (partial profit-taking can occur upon reaching this level)
Key focus on the defense battle at 0.2080-0.2100 has begun, with the current price hovering right at the core support zone of 0.2080-0.2100, which is the 'cliff edge' of the bulls and bears showdown:
Once lost, the 0.2050 Fibonacci key level will be the first to be breached; the 0.2000 psychological barrier is likely to be unable to hold; if the market becomes extreme, the 0.1880 historical low may face a test.
1. Technical Analysis:
MACD: The green bars on the hourly chart continue to shrink, and the bearish momentum is about to exhaust;
RSI: The 38-42 range is nearing oversold, and the rebound 'fuse' is already in place;
2. Pattern Alert: The symmetrical converging triangle is nearing its end, and a breakout is expected to bring about 40% violent volatility, with bulls and bears secretly finalizing their direction.
Giant whales + leverage + policy triple risks hide deadly traps!
3. News: On August 25, 900 million DOGE was dumped on Binance, triggering panic selling, but during the same period, whale addresses bought back 680 million coins, revealing long-term layout ambitions;
The total open contracts for altcoin futures reached 61.7 billion USD, with high leverage 'bombs' ready to trigger a series of liquidations at any moment;
The Federal Reserve tightening policies suppresses risk assets, leading to a sharp decline in DOGE speculation heat.
4. Operational Strategy:
A light position can be taken for longs in the 0.20700-0.21100 range, strictly maintaining the stop-loss line at 0.2050!
First target: 0.21500
Second target: 0.22300 (partial profit-taking can occur upon reaching this level)
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DOGE
0.22407
+1.22%