[Technical Analysis of DOGE 4-Hour Chart]
Current Price: $0.24496 (Increase of 2.51%)
Key Moving Averages: MA7(0.23907)/MA30(0.22112)
Trading Volume: $1,635,185,450 (Significantly increased volume)
1. Three Core Bullish Signals
Golden Cross Confirmation
The MA7 moving average (yellow line) has strongly crossed above MA30 (white line at $0.22112) at $0.23907, forming a textbook bullish arrangement. The distance between the two moving averages continues to widen, indicating strong short-term upward momentum.
Volume and Price Rise Breakthrough
The latest large bullish candle has broken through the key level of $0.24, accompanied by a single-day trading volume of $1.635 billion (three times the 20-day average volume), indicating the volume level has met the main capital entry criteria. The accumulated trading volume of $120 million near the breakout level of $0.24 validates its effectiveness.
Divergence of Moving Average System
MA7 and MA30 have formed a positive divergence of $1.795, with the price closely adhering to MA7, indicating that this 'moving average support' pattern suggests at least 3-5 more bullish candles.
2. Analysis of Main Player Trading Tracks
Chip Distribution Verification
The current price is at the peak area of 0.22-0.24; after breaking through, there are no concentrated trapped orders above. The historical resistance near $0.25 has been resolved by a strong bullish candle.
Time Window Resonance
The price breakout occurred at the 13th cycle of the Fibonacci time series on the 4-hour chart, combined with the MACD histogram showing three consecutive green bars, forming a perfect time-space resonance point.
On-chain data linkage
According to BitInfoCharts, the frequency of large DOGE on-chain transfers (>100,000 coins) has increased by 300% compared to last week, and the concentration of whale addresses has increased by 12%, suggesting institutional funds are accumulating.
3. Practical Operation Guide
Position Strategy
For holders above the current price of $0.24496, it is recommended to move the take-profit level up to $0.28 (previous high + 1.618 extension). If it falls below MA7 ($0.239), wait and observe.
Position Building Strategy
Aggressive traders can enter at the current price of $0.24, while conservative traders should wait for a dip to $0.235 (MA7 support) to build positions in batches. Use pyramid scaling after breaking through $0.25.
Risk Control
Set dynamic stop-loss: short-term at $0.23 (breaking the previous platform low), mid-term at $0.21 (MA30 support). Position control is recommended not to exceed 15% of total funds.
4. Key Observation Nodes
Sustainability of Trading Volume: The next three candlesticks need to maintain a daily trading volume of over 100 billion.
MACD Pattern: Pay attention to whether a golden cross can form above the zero line.
Derivatives Market: If the perpetual contract funding rate continues to be positive, it will strengthen the upward consensus.
(Note: This article is for technical analysis reference only and does not constitute investment advice. The cryptocurrency market carries high risks; please make rational decisions.)
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