The following is the Dogecoin (DOGE) market strategy for today (February 5, 2026):
📊 Key Support/Resistance Levels (Priority Display)
- Upper Resistance:
- $0.1078 (Intraday High/Trend Line Resistance)→ ⛔️
- $0.1159 (Medium-term Pressure Level)→ 📉
- Lower Support:
- $0.10 (Psychological Barrier)→ 📌
- $0.0946→$0.09 (Historical Dense Trading Area/Strong Support Zone)→ 🔻
🔥 Real-time Core Dynamics
- Current Price: $0.106 (24h Volatility ±3.5%, Continuing Recent Weakness)
- Fear Index: 17 (Extreme Fear, Strong Risk-averse Sentiment)
- Capital Flow: 24-hour Trading Volume $210 million, On-chain Buying is gradually accumulating in the $0.10-$0.11 range
📉 Trends and Driving Factors
- Main Trend: Fluctuation within a Downward Channel (Declined over 60% from the October 2025 High of $0.26)
- Core Drivers:
- Bitcoin Bear Market Transmission Effect→ Capital Withdrawal from High Volatility Assets
- Lack of Fundamental Catalysts (No Progress in Application Scenarios or Institutional Cooperation)
- Technical Bearish Arrangement (50-day Moving Average Resistance, RSI 28.5 Oversold but Not Reversed)
🚀 Intraday Trading Strategy
1. Short on Bounce (Main Strategy)
- Entry: Gradually Build Short Positions in the $0.1078-$0.11 Range
- Stop Loss: $0.1159 (Breakout Indicates Short-term Trend Reversal)
- Target: $0.10→$0.0946→$0.09
2. Oversold Bounce Try Long (Auxiliary)
- Entry: Stabilize Light Positions in the $0.0946-$0.10 Range (Need Bullish Engulfing Signal)
- Stop Loss: $0.09 (Break Below Will Accelerate Decline)
- Target: $0.1078→$0.1159
⚠️ Risk Warning
- Breakdown Risk: Losing $0.09→ Historical Low of $0.065-$0.05
- Liquidity Risk: Institutional Positions are Dispersed, Large Selling May Trigger a Cascade
- Macro Linkage: Plummeting U.S. Stocks or Bitcoin Re-testing the Bottom Will Amplify Volatility
🎯 Core Conclusion
- Main Strategy: Focus on Shorting on Bounces, Avoid Left-side Bottom Fishing (Oversold Does Not Mean Bottoming)
- Position Control: Short Positions 30%-40%, Cash Reserve ≥60%
- Time Window: Pay Attention to Capital Flow After U.S. Stock Market Opens Tonight (Correlation between DOGE and S&P 500 Rises to 0.65)
📌 Memory Reinforcement:
- If it breaks below $0.10 today, the next target points to $0.0946, suggesting holding short positions until reducing near $0.095
- Oversold Bounce Requires Volume Support (24h Trading Volume Must Exceed $300 million), Otherwise Considered a False Signal
#doge