Dogecoin has recently been "stuck" in a symmetrical triangle, with 0.15 pressing down from above and 0.14 supporting from below, a typical pre-breakout accumulation trend. The open interest has dropped from over 6 billion to 1.3 billion, indicating that everyone is waiting and watching, but there was still a slight inflow in the spot market that day, and the market hasn't completely flattened out.

The conclusion given by the technical analysts is quite consistent: as long as the support holds, there is an opportunity for a breakout. As long as #DOGE can stand above 0.1570 (close to the 200-day moving average), there is a chance for the upper level of 0.1620 or even higher.

In short: Dogecoin is currently "holding back big moves". Once the breakout direction is confirmed, the market may take off directly. #加密市场观察