Recently, the price trend of DOGE has shown a clear range fluctuation characteristic, oscillating between the strong support level at 0.246 USDT and the significant resistance level at 0.30094 USDT. Notably, around 0.26 USDT, the market has displayed a three-pin bottoming pattern, which may indicate the formation of a small golden pit. This phenomenon of dual resonance suggests that the current market condition has not yet completed its full cycle.


The rebound anticipated in previous analyses has occurred, partly supported by the interest rate cut policy. Although the market shows potential for continued upward movement, it remains in an overall consolidation pattern. Therefore, investors still need to remain cautious and continue to adopt a strategy of buying low and selling high to cope with this volatility.
For investors considering entering the market, attention can be paid to the strong resistance level around 0.30094 USDT. It is recommended to set the stop-loss level at 0.31 USDT, while the target price can be set at 0.246 USDT. However, investors need to be cautious that if the rebound at high levels fails to break through the resistance level, the market may shift to a wide range oscillation pattern.
Another strategy is to accumulate at low levels. In the short term, you can pay attention to the first support level near 0.2645 USDT as a potential entry point. In this case, it is recommended to set the stop-loss level at 0.255 USDT, and the target price can be set near the strong resistance level of 0.30094 USDT.
Regardless of the strategy adopted, investors should always pay attention to market trends and adjust their strategies in a timely manner. Closely monitoring the performance of key support levels and resistance levels can help investors make more informed decisions in this uncertain market.
DOGE3.48%
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