The market really doesn't have much retail investor capital; just look at this round of structure to understand. Most retail investors are just watching and holding coins, waiting for a rise. Liquidity is still poor, or we could say it is purposefully poor.

Regarding whether Dogecoin (DOGE) can really reach 1 dollar, this topic has indeed been very hot recently, and there are many questions and expectations from everyone. Let me share my views to give you a clearer perspective.

First, the position of 0.22 dollars is very critical. If it falls below this level, it may continue to drop to around 0.20 dollars in the short term, which is an important support line that cannot be ignored.

Second, although retail investors dominate the market, the selling pressure is indeed significant, especially around the 0.3 dollar mark where selling pressure remains heavy. Last year's rebound only reached around 0.4 dollars and couldn't hold a higher position, indicating limited bullish strength.

Third, the current market trend is more about speculation around the expectation of ETF applications. If the ETF is approved, it is indeed expected to bring more institutional funds in, but this is ultimately just a "catalyst" for pushing prices higher and cannot solely guarantee that Dogecoin will definitely rise to 1 dollar.

In-depth analysis shows that Dogecoin, as a meme coin, although the community is active and the market base is large, lacks real technical support and application scenarios. Its price is more driven by sentiment and speculation. To break through 1 dollar, in addition to financial support, long-term ecological construction and value recognition are also necessary.

Therefore, as ordinary investors, it is more important to pay attention to key support levels and price pressures, and to maintain rationality and patience, rather than blindly chasing high prices. Short-term trading can be engaged in, but do not let the "dream of skyrocketing" blind your eyes; risks and returns coexist, so remember to act within your means.

In short, how much Dogecoin can rise depends on the real support from market funds and the competitive situation. Although the 1 dollar target is attractive, the road ahead is still long and full of uncertainties. Not following emotions and operating rationally is the key to making steady profits.

The above content is for information sharing only and does not constitute any investment advice! Follow me for more market information shared daily. #加密市场回调 #俄乌冲突即将结束？