Wang Pang talks to everyone about the situation of DOGE, let's briefly summarize:
The support level to watch is $0.21, which is a psychological barrier; there's also the range of $0.207-$0.21, if it falls below that, it might drop faster. As for resistance, recently it's $0.2268, and further up at $0.2303 is a stronger barrier, if broken, it might even touch $0.24.
On the indicators, MACD shows that the bullish momentum is decreasing, and the bars are getting shorter; RSI is between 40-47, which is neither strong nor weak, and has not reached overbought or oversold levels. Recently, the trading volume is also low, making it hard for the price to rise.
The market's long and short liquidations are not very balanced, and the volatility is quite high, so caution is needed with high leverage. The Fear and Greed Index is at 51, neutral.
In the short term, the next four hours may see some weak fluctuations. If it can hold above $0.21, it might try to challenge the resistance at $0.2268-$0.2303; if it can't hold, it may quickly drop to $0.207 or even lower.
Pay attention to these points: for the price to rise, the trading volume must significantly increase; otherwise, the breakout won't count; DOGE closely follows BTC, and if BTC remains weak, DOGE will also struggle; keep an eye on the long and short liquidation ratios, if they differ too much (for example, 3444%), the volatility may become more intense; also watch for any movements from Musk and SEC news regarding Memecoins, as these could lead to significant market changes.
Wang Pang suggests: to buy long with a light position around $0.21285-$0.21395, aiming for $0.21635-$0.22185. Lastly, given the many uncertainties in the market, it's crucial to be defensive and protect your capital above all else. #DOGE