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7.23 Wednesday DOGE Hangqing Analysis
From the current market perspective, DOGE is overall in a consolidation phase recently. From a short-term technical analysis, the Bollinger Bands' upper and lower bands are continuously narrowing, indicating that market volatility is gradually decreasing, entering a range-bound oscillation mode.
Subsequent actions should focus on whether there is an effective breakthrough of the upper or lower Bollinger Bands. If the upper band is broken upwards, it may initiate a new upward trend; if the lower band is broken downwards, caution should be taken regarding the risk of a pullback. The operation should mainly focus on high volatility within the range.
Around 0.26, DOGE, target around 0.27