Current trend analysis:

Today, DOGE's trend is in a state of shock correction. The price has been fluctuating in the range of 0.2500 to 0.2600. There is no obvious breakthrough signal in the short term, but there is no obvious downward trend. Overall, the market is in a consolidation stage and may have a relatively stable trend.

Current K-line and moving average analysis:

  • The short-term moving averages (MA5, MA10) are intertwined, indicating that the forces of bulls and bears are close to balance and there is no strong unilateral trend in the market.

  • MA30 and MA100 show a downward trend, indicating that the medium-term trend of prices is still weak and the pressure level is heavy.

  • BOLL channel: The current price is running near the middle track of the BOLL channel, indicating that it may continue to fluctuate and consolidate in the short term. Breaking through the upper or lower track will determine the short-term trend.

Support and resistance levels:

  • The first support level: 0.2500 points. This position is the recent low point area and has a strong supporting effect.

  • The second support level: 0.2400 points. The price fell back to this position in the previous period. If it falls below, it may bottom out further.

  • The first pressure level: 0.2600 points. This is the upper pressure zone of the current price. A breakthrough may lead to a rebound.

  • The second pressure level: 0.2700 points. This is the pressure zone near the previous high point. After breaking through, there may be a strong rebound.

Today's operation suggestions:

Bearish operation: If the price rebounds to around 0.2600 and encounters obvious resistance, consider shorting on rallies.

  • Entry point: 0.2580-0.2600 area

  • First target: 0.2500 points

  • Second target: 0.2400 points

  • Stop loss setting: Stop loss if it breaks through 0.2650 points.

Today, DOGE is in a consolidation range, and the price fluctuates violently in the range of 0.2500-0.2600. In the short term, the operation is mainly range-bound. Investors are advised to pay attention to the breakthrough of support and resistance levels, operate cautiously, and strictly set stop losses.

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