何浩-狭路相逢
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Hey, friends in the crypto world, today let's talk about the latest situation of Dogecoin (DOGE). Let's keep it simple and straightforward, as understanding and applying it is what really matters.
First, looking at the technical side, Dogecoin has been quite strong recently. It has broken through the upper boundary of the descending wedge, and along the way, the lows are getting higher and higher. This is not just random growth; it follows a pattern. On the daily chart, it has clearly given a bullish reversal signal (CHoCH), which is like a reminder that the upward momentum is very evident. Based on this momentum, the first resistance level to watch is 0.225. If it can break through steadily, the next target is likely to be 0.2319, which is the Fibonacci 1.618 extension level and carries significant weight.
Now let's talk about market sentiment, which is extremely hot. In the past 24 hours, futures trading volume surged by 53.36%, directly reaching $9.81 billion. The speed at which this money is flowing in indicates that people's attention on Dogecoin is incredibly high. Open interest has also increased by 12.68%, and among the top traders on Binance, the long-short ratio has reached 3.68, which means that there are far more bullish traders than bearish ones. The bullish sentiment is so strong that you can feel it through the screen.
Finally, let me share today's trading strategy. Around 0.23900, consider going long. If looking upward, the first target is 0.24890, and then aim for 0.25300. What’s even more exciting is that this weekend might see significant moves, and breaking through 2.7800 is not impossible, especially given the current momentum and sentiment.
Of course, the crypto market is very volatile, and even the best analysis should be combined with your own situation, so don’t follow the crowd blindly. Wishing everyone to make a fortune in Dogecoin! #doge⚡
First, looking at the technical side, Dogecoin has been quite strong recently. It has broken through the upper boundary of the descending wedge, and along the way, the lows are getting higher and higher. This is not just random growth; it follows a pattern. On the daily chart, it has clearly given a bullish reversal signal (CHoCH), which is like a reminder that the upward momentum is very evident. Based on this momentum, the first resistance level to watch is 0.225. If it can break through steadily, the next target is likely to be 0.2319, which is the Fibonacci 1.618 extension level and carries significant weight.
Now let's talk about market sentiment, which is extremely hot. In the past 24 hours, futures trading volume surged by 53.36%, directly reaching $9.81 billion. The speed at which this money is flowing in indicates that people's attention on Dogecoin is incredibly high. Open interest has also increased by 12.68%, and among the top traders on Binance, the long-short ratio has reached 3.68, which means that there are far more bullish traders than bearish ones. The bullish sentiment is so strong that you can feel it through the screen.
Finally, let me share today's trading strategy. Around 0.23900, consider going long. If looking upward, the first target is 0.24890, and then aim for 0.25300. What’s even more exciting is that this weekend might see significant moves, and breaking through 2.7800 is not impossible, especially given the current momentum and sentiment.
Of course, the crypto market is very volatile, and even the best analysis should be combined with your own situation, so don’t follow the crowd blindly. Wishing everyone to make a fortune in Dogecoin! #doge⚡
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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