财经少华
财经少华|May 19, 2025 03:23
Analyze Dogecoin (DOGE) The current price is 0.21 US dollars, and recent trends indicate that it has entered a high demand area and broken through the short-term bearish structure, reaching a higher peak, implying a short-term bullish trend. The following is an analysis of the current situation: Technical analysis: After Dogecoin touched the demand area, buyers actively intervened, broke through the short-term bearish structure and formed a higher high point, sweeping away weak hands and reversing the price upwards. Daily low support: Data shows that the probability of the current daily low being touched or broken again is only 16.5%, supporting bullish expectations. Probability of reaching a new intraday high: Historical data shows that Dogecoin has an 88.6% chance of hitting a new intraday high in similar situations, indicating a high possibility of short-term rebound. Pressure level: The key pressure is in the range of 0.235-0.24 US dollars, where Dogecoin has been repeatedly blocked. Before breaking through, the overall market structure remained neutral and bearish. Risk and Outlook: Bullish scenario: If it breaks through the pressure of $0.235-0.24, Dogecoin may further rise, with a short-term target of $0.30 and a long-term target of $0.95. Bullish risk: If the pressure cannot be broken, the price may fall back to the demand area of 0.18-0.20 US dollars. Market structure: The overall trend remains neutral bearish, caution is needed before breaking through higher pressure levels. Suggestion: Short term: Pay attention to the pressure breakthrough of 0.235-0.24 US dollars. After the breakthrough, consider going long and set the stop loss below 0.20 US dollars. Long term: If a breakthrough is confirmed, one can hold onto the target of $0.95 and gradually take profits. Risk management: closely monitor trading volume and resistance level reactions to avoid blindly chasing higher prices. DOGE
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