Recently, the Crypto Assets market has experienced significant Fluctuation, particularly with DOGE, which saw a nearly 10% fall in a short period. This phenomenon is closely related to the controversy surrounding the US non-farm employment data.
The non-farm employment data is one of the important reference indicators for the Federal Reserve in formulating monetary policy, and its accuracy has attracted much attention. However, the authenticity of the latest data has been questioned, triggering panic in the market. As a representative of high-risk assets, DOGE is at the forefront, facing massive sell-offs.
Nevertheless, the market's overreaction may present opportunities for investors. Once the negative news is fully digested, we may see a rebound from the overselling.
From a technical perspective, the trend of DOGE coin is worth paying attention to the following key price levels:
If DOGE can break through and hold above $0.21804, it may likely launch an attack towards $0.22347, and could even trigger short covering, driving the price further up. Conversely, if it cannot hold the support at $0.21181, it may face the risk of further decline.
The key to the future market lies in two signals: whether it can stabilize above $0.21804 and break upwards, and whether a double bottom pattern will form in the $0.208-$0.211 range. These two signals will provide important decision-making references for investors.
It is worth noting that the Crypto Assets market is influenced by various factors, including but not limited to macroeconomic data, regulatory policies, market sentiment, and more. Investors should comprehensively consider various factors and manage risks appropriately when making decisions.
With the arrival of the September crypto market, whether DOGE can break through its current predicament remains a focal point of close attention for investors. In this uncertain market environment, staying vigilant and conducting thorough market research will be important strategies for investors to cope with market fluctuations.
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WalletWhisperer
· 09-06 09:53
statistical anomalies suggest accumulation at 0.211... whales know something we don't
Reply0
AirdropHunterXiao
· 09-06 09:53
Stop it, Musk, don't hype it up anymore.
View OriginalReply0
MoonRocketman
· 09-06 09:53
The RSI angle has reached 73.4, the engine temperature is critical.
View OriginalReply0
BearMarketBarber
· 09-06 09:47
After playing for a few months, I have lost all my hair.
Recently, the Crypto Assets market has experienced significant Fluctuation, particularly with DOGE, which saw a nearly 10% fall in a short period. This phenomenon is closely related to the controversy surrounding the US non-farm employment data.
The non-farm employment data is one of the important reference indicators for the Federal Reserve in formulating monetary policy, and its accuracy has attracted much attention. However, the authenticity of the latest data has been questioned, triggering panic in the market. As a representative of high-risk assets, DOGE is at the forefront, facing massive sell-offs.
Nevertheless, the market's overreaction may present opportunities for investors. Once the negative news is fully digested, we may see a rebound from the overselling.
From a technical perspective, the trend of DOGE coin is worth paying attention to the following key price levels:
1. Upper resistance level: 0.22347 USD
2. Key level: 0.21804 USD
3. Support level below: 0.21181 USD
If DOGE can break through and hold above $0.21804, it may likely launch an attack towards $0.22347, and could even trigger short covering, driving the price further up. Conversely, if it cannot hold the support at $0.21181, it may face the risk of further decline.
The key to the future market lies in two signals: whether it can stabilize above $0.21804 and break upwards, and whether a double bottom pattern will form in the $0.208-$0.211 range. These two signals will provide important decision-making references for investors.
It is worth noting that the Crypto Assets market is influenced by various factors, including but not limited to macroeconomic data, regulatory policies, market sentiment, and more. Investors should comprehensively consider various factors and manage risks appropriately when making decisions.
With the arrival of the September crypto market, whether DOGE can break through its current predicament remains a focal point of close attention for investors. In this uncertain market environment, staying vigilant and conducting thorough market research will be important strategies for investors to cope with market fluctuations.