Brother Yang Talks About Dogecoin Market: The Latest Data Helps Clarify Investment Thoughts

Today Brother Yang is going to discuss the latest market conditions of Dogecoin, using firsthand data to help everyone clarify their investment thoughts!

First, let's look at the technical indicators. The current RSI has soared to 85.95, entering the extremely overbought zone. Looking back at historical data, whenever the RSI exceeds 80, there is a high probability of a 15%-25% pullback afterward, with short-term support likely around 0.24-0.26. The MACD is still bullish at the moment, but we must be cautious of the death cross risk at high levels. If it can firmly stay above 0.28, the target of 0.30 is quite promising.

Currently, Dogecoin is characterized by a strong trend and high volatility. On the technical side, being overbought means a short-term pullback may occur, which should be noted; however, the fundamentals are good, institutions are increasing their holdings, and community enthusiasm is high, providing support for a bullish outlook in the medium term. The key is at the position of 0.30; if it stabilizes, it may open up new high space; if it does not stabilize, there is a high probability of fluctuating in the range of 0.25-0.27, so everyone should be prepared in advance.

Finally, let’s talk about my operational advice for today: you can go long around 0.26300, initially targeting 0.26820, and if the trend is good, then look at 0.27600. But the market changes quickly, so everyone must be cautious, manage risks well, and preserving capital is the most crucial!

That's all for today's analysis, wishing everyone profitable investments in Dogecoin!#DOGE冲冲冲