Big news!! Big news!!
Be sure to read this if you hold DOGE!!
Will DOGE rise to 0.5 USD this time? Or will it experience a step-by-step decline?
The current situation of Dogecoin has suddenly risen to $0.44, which is the highest price in 4 years. After the election and interest rate cuts and other good news, will the trend reverse? I already have an idea in my mind!
The ideas of Dogecoin futures holders change from time to time. After Trump was elected on the 6th, the total liquidation amount of Dogecoin was $6,383, of which short positions were $8,231 and long positions were $5,161, and they were all liquidated at almost the same time. This shows that the market environment is very unstable, so when the price rises, everyone quickly takes profits and leaves.
From the technical indicator RSI, its value has exceeded 70, which means that Dogecoin is overbought. This situation shows that although the price of Dogecoin is rising, the momentum behind it that everyone is optimistic and thinks it will continue to rise may be decreasing. In other words, there are not as many people buying Dogecoin as before, or the pressure to buy Dogecoin in the short term is not that great.
Now it is only the bull market for bitcoin, and the bull market for altcoins has not yet started. We need to wait and maintain rational investment!
"If you are still losing money, come to me 233 and I will pull you out of the water"
