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DOGE ( DOGE has recently shown a significantly different trend compared to the broader market. In an environment of extreme fluctuation in the overall market, DOGE coin has maintained a relatively calm state, as if observing the ups and downs of other coins from the sidelines.
At present, DOGE has formed an obvious market characteristic of "following the decline but not the rise", and the trend path of mainstream cryptocurrencies is gradually separated. It is worth noting that its rise and fall are relatively modest, which is actually very consistent with DOGE's consistent characteristics. From a technical point of view, all timeframes showed a bearish trend, but the early session showed some resilience in a retracement test around 0.168, which was partly related to the lack of liquidity in the market.
From the support level perspective, DOGE currently relies on two important support points. Before the overall market breaks below the 101 level, it may be reasonable to consider a moderate allocation in DOGE spot, as the risk-reward ratio is relatively reasonable.
Key price ranges that investors need to pay attention to:
Support level:
- Primary support zone: 0.163-0.168
- Secondary support zone: 0.155
- Strong support zone: 0.146
Resistance level:
- Primary resistance zone: 0.18-0.183
- Secondary resistance zone: 0.187-0.189
- Strong resistance zone: 0.195
The current technical performance of DOGE reminds investors to maintain a cautious wait-and-see attitude during market fluctuations, while also paying attention to the breakthrough or rebound situation at the key price levels mentioned above.