RWA守夜人
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The entire market is pulling back, the dog cannot hold and will retreat to the 0.16 position.
Dogecoin (DOGE) Key Support and Resistance Levels Analysis, Double Bottom Formation May Support Price Increase!
Currently, Dogecoin is firmly holding the key support level at $0.21, which is its 'safety line' that it should not break below. The resistance levels ahead are distributed between $0.2287 and $0.2549, which are important pressure points derived from Fibonacci retracement. If the price cannot break through, investors should pay attention to the support levels at $0.2159 and $0.2007; if these points are lost, it may bring more downward pressure.
Additionally, technical analysis shows that Dogecoin may be forming a 'double bottom' pattern around $0.2138. This pattern is a classic 'reversal signal' in the cryptocurrency space, indicating that there is a chance for the price to rebound from here. Coupled with the support of a descending wedge, these two factors together may give DOGE the potential to reach a target price of $0.265.
In simple terms, Dogecoin is currently at a critical price point, with the double bottom and descending wedge providing it a bullish path. Friends should pay more attention to these price points to seize potential opportunities!
Currently, Dogecoin is firmly holding the key support level at $0.21, which is its 'safety line' that it should not break below. The resistance levels ahead are distributed between $0.2287 and $0.2549, which are important pressure points derived from Fibonacci retracement. If the price cannot break through, investors should pay attention to the support levels at $0.2159 and $0.2007; if these points are lost, it may bring more downward pressure.
Additionally, technical analysis shows that Dogecoin may be forming a 'double bottom' pattern around $0.2138. This pattern is a classic 'reversal signal' in the cryptocurrency space, indicating that there is a chance for the price to rebound from here. Coupled with the support of a descending wedge, these two factors together may give DOGE the potential to reach a target price of $0.265.
In simple terms, Dogecoin is currently at a critical price point, with the double bottom and descending wedge providing it a bullish path. Friends should pay more attention to these price points to seize potential opportunities!
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0.19 can't hold on, it will go to 0.16
DOGE Market Analysis
The first cryptocurrency to pull back has refused to decline, and has already shown a reversal according to the 123 rule. This area also falls within the Fibonacci retracement range of 0.5-0.618, indicating a bullish trend with a potential bottom.
Support: 0.1980
Resistance: 0.212, 0.215
The first cryptocurrency to pull back has refused to decline, and has already shown a reversal according to the 123 rule. This area also falls within the Fibonacci retracement range of 0.5-0.618, indicating a bullish trend with a potential bottom.
Support: 0.1980
Resistance: 0.212, 0.215
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$BNB Congratulations to BNB for reaching a new historical high, leading in the crypto exchange market, and solidifying its position.
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