In the past 24 hours, the DOGE/USDT trading pair has shown volatility, with prices oscillating around the $0.132-$0.134 range, slightly down about 1-2% from the previous day. The 24-hour trading volume exceeded $1 billion, indicating an active market but continued selling pressure. As a leading meme coin, Dogecoin is affected by the overall adjustment in the cryptocurrency market, briefly breaking the key support level of $0.132, raising concerns among traders about a further drop to the $0.12 range.
Focus on technical aspects: Several analysts pointed out that DOGE has broken out of a bearish rising wedge, the RSI indicator is weak, whale activity is calming down, and derivative data is leaning bearish. If it cannot return to the $0.135 resistance, short-term rebound difficulties will increase. However, some viewpoints suggest that the current price is close to historical rebound zones, combined with holiday sentiment and potential institutional interest (such as DOGE ETF dynamics), there may be opportunities for a rebound due to overselling. Elon Musk has not directly spoken out recently, but community engagement is high. Overall, the short-term focus for DOGE/USDT is on price pressure and technical repair, with investors needing to pay attention to Bitcoin's movement and changes in trading volume, as high volatility still exists.
