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The DOGE market is witnessing intense Bull vs Bear Battle, with on-chain data showing that Whales are continuously dumping at large scale, while the technical indicators reveal that the price is gaining strong support at a critical trend line. This divergence between the fundamentals and the technicals makes the short-term trend of DOGE full of uncertainty. Despite facing pressure in the short term, historical data shows that DOGE has demonstrated strong resilience across multiple market cycles, creating new pump opportunities after each pullback, with the community foundation and brand value providing long-term support.
💎 Summary: Be vigilant in seeking opportunities amidst risks, DOGE is currently at a critical technical node:
Can the effectiveness of the support of the trend line continue?
Breakthrough of the resistance level at 0.20 USD
Subsequent trends of Whale position changes
Operation Suggestions:
Conservative investors: Wait for a valid breakout above $0.20 before entering.
Aggressive investors: Lightly test long positions near the trendline support, with strict risk control.
All investors: Keep a close eye on the further movements of the Whale wallet.