#加密市场回调

Why $0.20 is the Key to Dogecoin's Success or Failure

Historically, when Dogecoin fluctuates within a narrow range for two weeks, it usually indicates that it is preparing for a big move. Before breaking out on May 8, Dogecoin's price lingered between $0.15 and $0.17, showing relatively stable trends.

Then, as Bitcoin [BTC] reached an all-time high, capital flowed back, and within just three days, DOGE surged nearly 50% to $0.25.

In fact, the RSI indicator reached a new high here—this is the first time since last November. Therefore, some profit-taking was inevitable.

Nevertheless, Dogecoin has still shown impressive resilience, trading between $0.20 and $0.25 despite the ongoing market deleveraging.