Dogecoin Completes Liquidity Cleaning, Whales Accumulate at the Bottom! Can DOGE Return to the $0.15 Mark?
Currently, Dogecoin ($DOGE) is performing steadily, currently priced at 0.1325, within the key strong support area of 0.13. Meanwhile, its 24-hour trading volume has exceeded $1.14 billion, attracting widespread attention from global traders and investors due to active trading conditions. It is worth noting that after completing liquidity cleaning, if market buying pressure continues to strengthen, Dogecoin is likely to initiate a rebound.
Analysis of Dogecoin Price Status and Strong Support Level
Currently, Dogecoin is in the testing phase of the lower limit of its price range. According to the latest data from BitGuru, after completing liquidity cleaning, the token has gradually approached the strong support area of 0.13. This signal indicates that the market may be nearing a key point for buyer entry. If demand begins to rebound, the price is expected to gain upward momentum.
Since I stopped paying attention to the so-called 'value coins', I feel like my life has changed. Everything feels like 'nihilism', only focusing on the trading strength, and everything has become 'clear'.
1. $BTC has been fluctuating all the way, and I feel fortunate that after breaking below 85000, it quickly recovered. We'll see how it performs next, as honestly, there are fewer retail investors in the market;
2. $ETH directly caused @machibigbrother to take a loss again yesterday, and then he reopened. His strong-willed friend has already been liquidated for over 2200wu since 10.11, a chosen bright light?
3. $SOL talks about building an ecosystem and the revival of on-chain activities, yet it ranks first every time there’s a crash. I don't know what to say, I can only watch. If it performs weakly, it can only be shorted;
There are no positions left for BSC and SOL opportunities; it has almost reached the 1-2 weeks time we talked about last time.
Coins to consider for rebound:
$luna Let's keep tracking it.
$fhe It's a pity, it was set a little low initially. So far it has rebounded 4 times; if it drops, we need to keep tracking it.
$Pinpin I don't know what has reached the top, waiting for a wave of crash.
$Beat Setting a position at the monthly line.
$Aster Let's wait for a position at 0.5 to see, and then buy a zero position to hold.
$Bob Set a price at 0.01 to see.
Actually, it's easier to operate when the market is bad because there are only so many hotspots and only a few coins that skyrocket. Just focus on the rebound and find the value-for-money points to enter. It's much simpler than the bull market where everything is flying around. #加密市场观察
BTC fell to around 85,000 today, has it stabilized?
1) On the order book, the amount of buy orders is small, and there have not been any large buy orders; 2) Four hours: the price dropped to the Fibonacci downward channel at 0.236, which is not a strong attraction zone; the bullish momentum is weak, although two lower shadow candlesticks have appeared, but at most it will struggle to rebound a bit; 3) Daily: still in a downward trend;
It is estimated that a rebound will occur only when it falls to around 80,000.
$eth From the current arrangement, it can be seen that a rebound trend will emerge next, and the long-short ratio indicates that funds are still more inclined to bet on the long side.
$btc Recently, liquidity has been weak; although it hasn't left the market, it has maintained some distance, allowing for more time to think while observing from the outside.
It is clear that
1. The probability of a decline is much greater than that of an increase, so take this as a reference, do not catch the bottom. 2. The increase is only for $btc and a few specific coins, which are difficult to grasp and find. 3. The odds are insufficient; currently, there are no odds without leveraging more than 100 times.
The answer is simple: if it goes up, it's not worth the profit; if it goes down, that's fine, just push all in.
Ethereum (ETH) has currently fallen to around 3020, with prices fluctuating back and forth, and the trend remains quite complex. However, I am still optimistic that it will rebound and touch above 3580. The short-term resistance level is at 3157, and the ETH/BTC exchange rate has also reached a key resistance level; only a breakthrough here can lead to a stronger upward movement.
For support below, pay attention to the range of 3080-3050; if it holds, consider going long; a more conservative strategy is to wait until around 2820 to enter.
BTC actually doesn't have much to analyze, last time I judged there would be a wave of decline, and now it has basically been realized as expected, having broken the support zone of 89,000-90,000 USD, directly dipped to around 87,000. The current pattern is still an ascending wedge, which is a clear bearish signal.
Next, there will be a small-level rebound, but it's highly likely that after the rebound ends, it will continue to decline, the overall trend is very weak. I have basically judged the recent trends correctly, you can look back at my analyses in the past few days. The expected high point for the small-level rebound is in the range of 90,500-91,000 USD, I suggest placing orders around 90,550 USD if you want to short, if filled, it will be relatively stable. If it drops again, it might go near the last major crash low point.
If this ascending wedge pattern completes, the target is roughly in the range of 80,000-75,000 USD. Recently, there hasn't been any positive news to drive a strong rebound, this month is likely to continue to oscillate downwards. Unless it can stabilize above 93,000 USD, any rebound would be a great shorting opportunity, with a very high cost-performance ratio. #加密市场观察
Dogecoin (DOGE) Downtrend Intensifies, Is the Bottom Approaching?
The Dogecoin to USD exchange rate recently broke below the key support of 0.1400, initiating a new round of downward movement. Currently, the price remains below 0.1380 and the 100-hour simple moving average, with an overall weak trend.
On the hourly chart, DOGE is forming a key downtrend line, with resistance around 0.1375.
If the price cannot effectively recover the levels of 0.1400 and 0.1420, the downward trend may continue. Previously, Dogecoin has followed Bitcoin and Ethereum in a synchronized decline, dipping to a low of 0.1326, and then slightly rebounding to the 23.6% Fibonacci retracement level of the recent downtrend.
Currently, the initial resistance above is at 0.1380, followed by trendline resistance at 0.1375. If it can break through 0.1400, the next resistance to watch is 0.1425 (50% Fibonacci retracement level). Staying above this position is expected to further test the resistance range of 0.1450 and 0.1500, with key resistance at 0.1550.
Recently, Bitcoin has retraced, and many long positions have been liquidated. In the short term, even if Bitcoin drops to 78000, it can only trigger a liquidation of 750 million USD for long positions; however, if it rises to 97000, it can trigger a liquidation of 1.6 billion USD for short positions. The last two months have been a volatile market, with the market maker harvesting back and forth. Which side will they harvest next?
I believe that the real stabilization and major rebound area may be around $69,000 to $70,000, which is a key position derived from my analysis of multiple technical indicators. Before that, $80,000 to $82,000 can be regarded as strong short-term support.
Currently, I will continue to hold some short positions established around $94,000 and plan to hold until the target area; however, if there is a significant rebound driven by the main funds in the meantime, I will also follow up promptly and take partial profits. All analysis is still based on the current market structure, and I will adjust flexibly according to market changes.
Is Dogecoin (DOGE) about to make a big move? Ultimate target of $0.6 + short-term surge to $0.21, with hidden signals on the chain!
Brothers, Dogecoin (DOGE) is quietly building momentum for something big! Although the crypto market has been volatile recently, and the meme coin sector has also seen a collective pullback, DOGE has quietly released a bunch of bullish signals. Two top analysts have given explosive predictions – a long-term target aimed at $0.6, and in the short term, it's expected to surge to $0.21, igniting market enthusiasm! First, let's look at the latest market situation: In the past 24 hours, DOGE has rebounded strongly by 3.5%, currently stabilizing around the $0.14 mark. Interestingly, while the price is recovering, trading volume has plummeted by 41% to $696,000,000, and the overall decline over the past 30 days has reached 19%, oscillating between the $0.1324 and $0.1657 range.
12.12 Today's Market: Why is it Rising? BTC, SOL, ETH, BNB, ZEC, PIEVERSE, Shiba Inu, Hakimi, and Ugly Penguin Operation Analysis!
🌍In the past 24 hours, a total of 98,736 people globally were liquidated, with a total liquidation amount of $257 million. The largest single liquidation occurred on Hyperliquid - BTC-USD worth $4.6389 million.
🔥Has the short-term bullish sentiment been exhausted? Who is bottoming out below 90,000?
From the data, although the turnover rate has decreased compared to before, it is still very high. The trading in the last 24 hours has mainly been by short-term investors who are betting on whether the Federal Reserve will send dovish signals tonight. The result of Powell's speech did not turn more dovish, and the market feels that the short-term bullish sentiment has ended. Next, it may face the bearish impact of interest rate hikes, so those who bottomed out below 90,000 in the past few days have become the main force in trading.
From the daily perspective, Ethereum has recently shown明显比比特币强, and has formed a W-bottom pattern. The K-line has now broken through the 30-day moving average, and the MACD is about to rise above the zero axis again. Once it stabilizes above the zero axis, it is very likely that the market will continue to push towards $3400—$3500.
In the short term, if ETH can pull back to around $3000, friends who like to trade in waves can boldly buy the dip in spot, and it's fine to sell in batches once they reach above $3400. eth
12.11 Today's market: Why is it falling? BTC, SOL, ETH, BNB, ASTER, LUNA, AVAX, ENA, FIL operation analysis!
🌍 In the past 24 hours, a total of 155,332 people worldwide have been liquidated, with a total liquidation amount of $514 million. The largest single liquidation occurred in Hyperliquid - BTC-USD worth $23.185 million.
🔥 Market sentiment is stable, and the next trend will be dominated by data and interest rate cut expectations.
The current turnover rate is at a high level, mainly reflecting that investors are engaging in trading games at a critical stage. It is expected that the turnover rate will gradually decline after today. Data also shows that recent turnover mainly comes from short-term investors who bought at low levels, especially those whose costs are below 90,000 are reducing their holdings relatively significantly.