🐶Dogecoin is gaining momentum this afternoon! Uncle Feng: The bulls sound the rallying call, with $0.27 becoming a key springboard📈
#DogecoinMarketAnalysis #UncleFengIsBullish
Technical Analysis:
The current price of $0.27292 is stabilizing above the 200-day moving average ($0.27). The 4-hour candlestick chart shows a 'Morning Star' reversal pattern, the MACD green bars are shrinking and the fast line is turning upward, RSI (14) has rebounded from the oversold zone at 45 to a healthy range of 58, with good volume-price coordination (trading volume increased by 18%). The weekly level confirms a double bottom pattern, with a neckline at $0.25, and after breaking through, the target is directly aimed at $0.30.
Market Overview:
• Elon Musk's 'X' payment ecosystem upgrade expectations are heating up, and the community is discussing that Dogecoin may become the core currency of X Money;
• On-chain data shows that top whales increased their holdings by over $12.4 million in DOGE in a single week, with holdings reaching an all-time high;
• The Dogecoin ETF approval countdown has begun (results expected to be announced on September 18), with clear signs of institutional funds positioning in advance.
Uncle Feng's Strategy:
✅ Accumulate on dips: Lightly buy on a pullback near $0.27-$0.265, stop loss at $0.260, target look at $0.280-$0.295
