Uncle Feng talks about Dogecoin with the brothers: Current market situation and practical strategies

For those paying attention to DOGE, Uncle Feng directly highlights the key points—today's market is not optimistic, but we shouldn't panic; let's clarify the situation before responding.

1. Market core: Trends and selling pressure must be monitored

1. Technical breakdown: The daily chart's symmetrical triangle has broken down, falling below the $0.213 support, confirming a downtrend; the hourly MACD is strongly bearish, RSI at 42 (weak zone), with no reversal signals.

2. On-chain selling pressure is high: On August 26, 900 million DOGE (approximately $200 million) were transferred to Binance (the largest single transfer of the month), with a 35% increase in net inflow to exchanges over 24 hours, adding to the selling pressure.

3. Sentiment has cooled: 840 million liquidations across the network in 24 hours, with 80% of DOGE positions being long; BTC fell 3.3% below 111,000, and DOGE has dropped even more sharply.

Uncle Feng sees DOGE continuing to decline near 0.22, targeting 0.21.

However, the cryptocurrency market is ever-changing, so make sure to manage risk and set reasonable stop losses during operations. #DOGE