Detailed Analysis of Doge
The meat grinder of the doge dealer is roaring again! DOGE is now bouncing around the $0.166 mark, with all the four-hour chart moving averages twisted into a pretzel — the 5-day line just faked a golden cross with the 20-day line, the BOLL channel has been compressed into a pancake, the middle track at $0.178 is welded with steel plates, and the lower track at $0.1619 is like a paper-thin waistband, with the price stuck between the middle and lower tracks pretending to be dead. The MACD brothers are lying dead under the water, the DIF and DEA death cross hasn’t been broken, and the green bars have wilted into toothpicks, indicating that the bears are loaded but have temporarily held back.
The trading volume has completely dried up, with actual transactions at $1.066 billion, barely reaching the average daily of $1.68 billion over the past few days; this kind of volume bursting through is pure nonsense. On-chain monitoring detected a giant whale flipping 1.5 billion DOGE in the early morning, but don’t get too excited — these guys have buried liquidation orders below $0.16, clearly wanting to play a needle-stick price drop game. On the news front, Musk is once again rehashing “Dogecoin Payment 2.0,” causing a collective spike among Twitter retail investors for three seconds, only to be taught a lesson by today’s 3.05% decline.
From a technical perspective, $0.178 is a nuclear-level resistance. The false breakout on March 25 surged to $0.182 only to be smashed back to $0.166; the doge dealer has buried a huge number of short orders in the $0.18-$0.19 area. Below, $0.16 is touted as the dog life line, but today it has already dipped to $0.166, and on-chain data shows that the area between $0.158-$0.162 is accumulating stop-loss landmines; if it truly breaks down, it’s directly looking at $0.122 where blood will be licked off the blade.
My personal judgment is that today will continue to see a bearish knife-cutting market; if you dare to touch $0.172, you’ll get slapped in the face with a short position. If it quickly drops below $0.16, don’t even think about bottom fishing, wait until it dips to $0.15 to pick up corpses in batches. Remember, sideways movement is not consolidation but a dull knife killing people; the doge dealer’s sickle is hidden in Musk's Twitter — only by staying alive can you take the next hot bite of shitcoin!
Feeling confused? Can’t find a way out?? Leave a comment to get support from a top-notch team.
I am Qi Ming, supported by a top-notch team; only those who resonate on the same frequency can gather together! (Serious inquiries only)
