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🔥Attention, dog shitcoin holder!
The 5.8 billion shitcoin (DOGE) is about to wake up, and price predictions have sparked market attention.
Recently, the shitcoin (DOGE) has faced some selling pressure, and after three consecutive days of decline, the price has gradually entered a period of consolidation. With the circulation of about 5.8 billion shitcoins, the market is beginning to focus on whether it can resume its upward trend.
1️⃣ Market correction and emotional shift
• Price correction:
The price of the shitcoin has fallen by about 20% from its peak this month, dropping to around $0.3787. This pullback trend is similar to the adjustments of other meme coins such as Shiba Inu, Floki, and Dogelon Mars.
• Investor sentiment:
Due to profit-taking pressure, some investors have started selling dog shitcoin, causing market sentiment to turn negative. Currently, the fear and greed index of cryptocurrencies has fallen from this year's high of 90 to 80, indicating that market sentiment is gradually becoming tense.
2️⃣ Technical Analysis:
• 100-day and 200-day moving average support and resistance:
The price of DOGE is facing key technical levels. The 100-day moving average ($0.4073) has formed strong resistance, while the 200-day moving average provides crucial support.
• If it falls below the 200-day EMA (0.3833 USD), further decline will be confirmed, and it may fall to the next support level of 0.3660 USD, which is the lowest volatility on December 10th.
• Breaking through the 100-day EMA ($0.4073) may confirm the rebound of shitcoin and push the price further up.
3️⃣ Future Trend Outlook:
• Short-term expectations:
The price of shitcoin still faces downward pressure in the short term, especially when it cannot break through the 100-day moving average. If the price falls below the key support level of $0.3833, further downward movement may occur, with a target of $0.3660.
Additional Easter egg: potential meme coin focus
As a Musk concept, puppies are likely to become potential stocks of Meme coins. If market sentiment continues to rise, small funds may also have unexpected surprises by tentatively laying out such projects!
Note: The above content is only for personal experience sharing and information reference, and does not constitute any investment advice. Invest cautiously and make rational decisions!