This morning, the crypto assets market experienced a wave of fluctuation. DOGE coin saw a pump in the early hours, followed by consolidation around $0.209. On the technical side, the 15-minute chart shows that the MACD indicator has formed a golden cross pattern, which is typically viewed as a short-term bullish signal. However, from the one-hour perspective, the trend appears to be flattening, indicating a potential lack of strong momentum in the short term.



Analysts point out that the main resistance level that DOGE currently faces is at $0.221, while the support level is around $0.203. It is expected that during intraday trading, DOGE may show a fluctuating upward trend, gradually recovering from the previous decline. However, the likelihood of breaking through the support level in the short term is low, and investors should remain cautious.

For investors intending to participate in trading, analysts suggest considering small position purchases near the low point of $0.2067. If the price can break through the resistance level, it may continue to rise. However, given the current market uncertainty, investors should strictly control risks, set stop-loss orders, and closely monitor market trends.

It is worth noting that the cryptocurrency market has recently shown overall active performance, with some mainstream coins like ETH reaching new highs, which may have a spillover effect on second-tier coins like DOGE. At the same time, the market's expectations for a potential interest rate cut by the Federal Reserve have also supported the valuation of crypto assets to some extent. However, investors still need to be cautious, as the cryptocurrency market has always been characterized by significant fluctuations, coexisting with high risks and high returns.
DOGE-4.57%
ETH-4.06%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
GateUser-954f2c4fvip
· 8h ago
Steadfast HODL💎
View OriginalReply0
AltcoinMarathonervip
· 9h ago
mile 20 vibes for doge... just another resistance level to break through
Reply0
MemecoinTradervip
· 9h ago
deploying social arbitrage algo for this $doge pump... watch the crowd fomo in 3..2..1
Reply0
CryptoHistoryClassvip
· 9h ago
*checks 2021 charts* same doge pattern right before the dump... history never lies folks
Reply0
DegenRecoveryGroupvip
· 9h ago
Doge rises three times in a day?
View OriginalReply0
ChainWatchervip
· 9h ago
Doge has always been a bull coin!
View OriginalReply0
BottomMisservip
· 9h ago
This is the showdown.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)