🚀Is DOGE on the brink of a big pump? Smart money makes a major bet, support level exposed!

Summary

Current DOGE price is 0.2308, down 7.88% in the last 24 hours, but trading volume has decreased by 42%, indicating weak selling pressure in the short term. Technical analysis shows competition at the medium Bollinger Band level, with a MA200 deviation of 20.86% indicating that the medium-term trend remains strong. It is recommended to open a buy position near 0.228, with a stop loss at 0.224, and a target of 0.239 (the upper Bollinger line), with a risk-to-reward ratio of 2.75:1. Caution is advised due to liquidity risks arising from a sharp 90% drop in open contracts in one day.

Technical Analysis

1. Price Condition:

• Bollinger Band Position Analysis: The current price is below the medium Bollinger level (0.2321) at 41%, and has entered a short-term fluctuation range (0.2249-0.2394)

• MA200 Position Analysis: The current price is 20.86% away from the 200-hour moving average, which is above the historical deviation threshold of 15%, beware of technical correction.

• Holding Cost Position Analysis: The price is deviating by 15.2% from the cost of holding the coin (0.2004), and most coin holders are still in profit.

2. Market Strength and Weakness:

• Trading Volume Analysis: The trading volume over the past 24 hours is 0.44, and the decrease in volume shows a decline in bear strength

• Change in Position Volume: Open contract volume has decreased by 90% in the last 24 hours, but the buy-to-sell ratio has increased from 3.23 ..