After three consecutive months of decline, with a cumulative evaporation of 57% in market value, the 'meme coin ceiling' Dogecoin (DOGE) has finally welcomed a breather! Now the price has fallen back to the historical strong support level of $0.13, combined with nearly 48 hours of continuous market recovery, it has instantly attracted attention in the crypto circle.
As of the time of writing, DOGE is performing brilliantly: up 1.65% against the trend in the last 24 hours, with the current trading price reported at $0.134; more critically, the trading volume has surged by 85%, reaching $8.85 billion. The combination of price and trading volume both rising indicates that traders and investors' participation enthusiasm has significantly rebounded, which is undoubtedly a positive signal for those holding DOGE.
$0.13 is the line of life and death: hold the reversal, break down to test $0.096
AMBCrypto's technical analysis indicates that on the weekly chart, DOGE is currently standing firm at the key support level of $0.13—this price level has shown strong support resilience since October 2024 and has never effectively broken below. Notably, the price trend is showing a candlestick pattern similar to historical reversal trends, bringing reversal expectations to the market.
However, the current market is still in a crucial game period: if DOGE can firmly hold $0.13, it is highly likely to initiate a reversal trend; but if the upward momentum is interrupted and the daily or weekly closing price falls below $0.13, then DOGE may once again enter a downward mode, potentially reaching the next support level of $0.096 in the coming days.
From a technical indicator perspective, DOGE's Average Directional Index (ADX) has reached 26.28, exceeding the critical threshold of 25. This signal indicates that the current momentum of DOGE's trend is strong, and the direction of future movements will be more defined.
The derivatives market is filled with strong bullish sentiment, and the liquidation levels hide mysteries.
The data from the derivatives market can better reflect the current market sentiment. According to CoinGlass, intraday traders have shown a strong bullish tendency towards DOGE. The core liquidation levels for DOGE are now clear: the liquidation level in the downward direction is at $0.1273, and the liquidation level in the upward direction is at $0.1345.
Specifically, traders have laid out a large number of leveraged positions at these key price levels: the long leveraged position scale reaches $16.11 million, while the short leveraged position is only $7.23 million. The long positions are almost 2.2 times that of the shorts, clearly demonstrating the current market's bullish dominance over DOGE.
For investors, the core operation in the coming days is undoubtedly to closely monitor the stability of the $0.13 support level, while also paying attention to the breakthrough of the $0.1345 upward liquidation level. If it can break through $0.1345, it is highly likely to trigger a short liquidation, further boosting the price; conversely, if it falls below $0.1273, bulls may face the risk of forced liquidation.#比特币与黄金战争
