何浩-狭路相逢
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Family, today Brother Hao is here to chat about the future trend of Dogecoin (DOGE), all based on the latest market dynamics and technical analysis. I recommend liking and saving it to read slowly!
First, let's look at the technical formation. DOGE has recently formed a double bottom structure, which is an important signal. What is a double bottom? Simply put, it means the price drops to a certain extent and then bounces back twice, forming a shape similar to a 'W'. Currently, the resistance level of Dogecoin's neckline is at $0.213. Once this neckline is successfully broken, it’s like opening the door to an upward trend. According to technical analysis, the target price could reach $0.31, which is an increase of 78.84% compared to the current price. This is quite tempting! Moreover, if the upward momentum continues, there is a possibility to further challenge the weekly resistance level of $0.486.
In the short term, Dogecoin is also facing a pressure test. The weekly resistance at $0.213 is very crucial. If it cannot stabilize at this level, it may likely retrace to the support level of $0.195. Therefore, market fluctuations may be quite large during this period, so please be cautious when trading.
Finally, let me share Brother Hao's real-time operation guide. At the position of $0.19100, you can go long, first looking at the first target of $0.2125. If it successfully breaks through, then look towards $0.2265. Of course, this is just a suggestion from Brother Hao based on the current market situation. The market changes rapidly, and specific operations should be determined by your own risk tolerance and investment strategy.
Alright, that's it for today's analysis of Dogecoin's trend. If you have any questions, feel free to leave a message in the comments section for discussion! #DOGE #doge⚡
First, let's look at the technical formation. DOGE has recently formed a double bottom structure, which is an important signal. What is a double bottom? Simply put, it means the price drops to a certain extent and then bounces back twice, forming a shape similar to a 'W'. Currently, the resistance level of Dogecoin's neckline is at $0.213. Once this neckline is successfully broken, it’s like opening the door to an upward trend. According to technical analysis, the target price could reach $0.31, which is an increase of 78.84% compared to the current price. This is quite tempting! Moreover, if the upward momentum continues, there is a possibility to further challenge the weekly resistance level of $0.486.
In the short term, Dogecoin is also facing a pressure test. The weekly resistance at $0.213 is very crucial. If it cannot stabilize at this level, it may likely retrace to the support level of $0.195. Therefore, market fluctuations may be quite large during this period, so please be cautious when trading.
Finally, let me share Brother Hao's real-time operation guide. At the position of $0.19100, you can go long, first looking at the first target of $0.2125. If it successfully breaks through, then look towards $0.2265. Of course, this is just a suggestion from Brother Hao based on the current market situation. The market changes rapidly, and specific operations should be determined by your own risk tolerance and investment strategy.
Alright, that's it for today's analysis of Dogecoin's trend. If you have any questions, feel free to leave a message in the comments section for discussion! #DOGE #doge⚡
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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