Hello everyone, I am a dog enthusiast. Here are my views on Dogecoin, which you can refer to, and I hope everyone participates in the comments. As follows…
1. Instant price and short-term downtrend: As of 22:57 on the same day, its price was $0.14185, with a 24-hour drop of 4.28% and a 24H volatility of 6.48%; previously, it had fallen from $0.1522 to $0.1477 and failed to hold the key support level of $0.1487. The RSI indicator continues to decline, and short-term sellers still hold the advantage.
2. On-chain positive signals: The number of active addresses reached 71,589, hitting a peak since September; within 48 hours, whales bought 480 million Dogecoins, and recently over 500 million Dogecoins were purchased by whale addresses, indicating that large investors are accumulating during the dip.
3. Long-term trend expectations: Some analysts believe it is in a historically critical accumulation zone, with the $0.13 - $0.09 range being a bullish order block. If this support area can be maintained, it may gradually test resistance upwards; the potential target for this cycle could reach $0.70 - $0.75, with longer-term goals of $0.50, $1, and even $2 as ladder targets. Additionally, some analysts determine from indicators that Dogecoin is not currently in an overheated state, and the proportion of long-term holders at a loss has significantly decreased, which may pave the way for future price increases. #DOGE
1. Instant price and short-term downtrend: As of 22:57 on the same day, its price was $0.14185, with a 24-hour drop of 4.28% and a 24H volatility of 6.48%; previously, it had fallen from $0.1522 to $0.1477 and failed to hold the key support level of $0.1487. The RSI indicator continues to decline, and short-term sellers still hold the advantage.
2. On-chain positive signals: The number of active addresses reached 71,589, hitting a peak since September; within 48 hours, whales bought 480 million Dogecoins, and recently over 500 million Dogecoins were purchased by whale addresses, indicating that large investors are accumulating during the dip.
3. Long-term trend expectations: Some analysts believe it is in a historically critical accumulation zone, with the $0.13 - $0.09 range being a bullish order block. If this support area can be maintained, it may gradually test resistance upwards; the potential target for this cycle could reach $0.70 - $0.75, with longer-term goals of $0.50, $1, and even $2 as ladder targets. Additionally, some analysts determine from indicators that Dogecoin is not currently in an overheated state, and the proportion of long-term holders at a loss has significantly decreased, which may pave the way for future price increases. #DOGE
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DOGE
0.13922
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