🐶 Dogecoin is walking a tightrope, with $0.168 becoming the 'fateful dividing line'!
Recently, Dogecoin (DOGE) has returned to that familiar yet dangerous position—around $0.168, which is the second time it has tested this 'key line' since mid-April.
You could say it's like walking a tightrope right now, with the abyss of bears below and the hope of bulls above—nobody wants to fall!
🔍 If it accidentally falls below $0.168 this time, it might be the 'slip and slide start', directly launching a meme coin roller coaster, and a price plunge isn’t impossible.
At this moment, both bulls and bears are closely watching each candlestick; whoever acts first may trigger a chain reaction.
🐶 Dogecoin falls to the 'old floor', is it about to give way? Experts issue a warning!
Recently, Dogecoin's performance has been a bit concerning. Since the peak in mid-May, it has dropped nearly 30%, directly hitting an old acquaintance—the 'floor price' of $0.168 from last year.
📉 This position held once back in April last year, and now it’s back, but can it hold up this time?
According to crypto analyst Ali Charts, if it falls below this price level before the week's close, it’s time to be cautious. Why? Because below $0.168 is what traders call the **'vacuum area'**, meaning—there are very few buyers, and selling is like a slide, with no buffer.
🚨 To put it simply:
If it holds, the dog can still bounce around for a while;
If it can't hold, it might be a free-fall decline + accelerated drop!
☕️ Is Dogecoin quietly 'brewing tea'? The cup-and-handle pattern may point to $0.75!
You read that right, Dogecoin (DOGE) is not just shaking randomly; it might be quietly 'brewing tea'—a super-sized cup-and-handle pattern is forming on the chart, and this 'cup' has been brewing for a whole four years!
More remarkably, the junction of the cup and handle aligns perfectly with the lower boundary of a symmetrical triangle, as if it was designed that way. What does this indicate? It shows that this pattern is not drawn randomly; there’s something to it!
📈 Here comes the key point:
If Dogecoin can break through the upper resistance line of the triangle, it might officially 'raise a toast', with a target price potentially soaring to around $0.75!
Some analysts are intensely focusing on the chart and finding that this wave of Dogecoin’s market might not be random shaking, but quietly 'brewing a cup'!
Based on the cup-and-handle pattern + Fibonacci 1.618 extension line prediction (sounds professional), if everything goes smoothly, Dogecoin's price is expected to surge to $0.75!
🚀 What does this mean? From the current price, it would need to soar nearly 350%, it's like turning one cup of milk tea into three buckets of milk powder!
📉 Is the market feeling a bit 'tired and loveless'? The momentum indicator raises a soft warning!
Simply put, our commonly used 'momentum indicators' have been a bit lackluster lately, not as shiny as before. Back in May, it had a brief 'golden cross' (sounds impressive, but it’s a minor rally), and then at the beginning of June, the 50-day moving average 'turned around' and fell below the 200-day moving average, as if saying: 'Brother, we’re tired!'
Moreover, the MACD indicator line is also increasingly distant from its signal line, suggesting that the 'selling army' in the market may not have dispersed yet, and everyone is still 'selling happily'.
🐶 Dogecoin's 30-day test: rose for 13 days, can it reach $0.20 in the future?
According to CoinCodex's 'microscope' observation, in the past 30 days, Dogecoin (DOGE) has increased on 13 days, with an average daily price fluctuation of about 10.57%, and this wave of 'dancing' is quite exciting!
They also predict that by July 18, Dogecoin might rise to $0.20, which is 17% higher than now, and that’s not a small number!
However, market sentiment is currently quite moderate, neither excited nor pessimistic, and the on-chain signals are also yellow—there are no particularly clear buy or sell signals.
This week, the $0.168 'key point' is like a difficult question in an exam; whether it can hold steady depends on trading volume, weekly closing price, and how the ETF bullish options respond to these 'exam questions'.
✅ If it holds, Dogecoin might put on a nice rebound show;
⚠️ If it breaks down, the price might move down a few more steps.
In short, Dogecoin is currently at a crossroads in life, with everyone watching how it will move next; whoever gets the clue will know first!
