2025-12-30 07:24:50

Lately, I've been watching the DOGE trend, and it's quite interesting. Around $0.12, this coin has quietly formed a double bottom pattern, and discussions about a reversal have increased in the market.

Currently, the price is at $0.123271, with an RSI reading of 43.8. From the trend, it's still in a consolidation phase. But honestly, at this point, relying solely on indicators can be a bit superficial. Community enthusiasm and investor psychology are the real drivers of the market. Recently, I've noticed a clear increase in discussion volume, and the FOMO atmosphere has grown stronger.

From a technical perspective, there are a few key points to remember: support is at $0.114642. If it breaks below this, the double bottom idea needs to be reconsidered. Resistance is set at $0.131900, which is the level to break through. There's also an intermediate breakout level at $0.129435; if the price can stay above this, subsequent moves may be more confident.

My personal approach is to start with a small position to test the waters, with a stop-loss just below $0.114642, so losses are manageable if the trend reverses. Once the price breaks above $0.129435, consider gradually increasing the position and following the trend upward. If everything goes smoothly, the target can be set at the resistance level of $0.131900.

Of course, this is just a preliminary judgment based on the current chart and market sentiment. The market is ever-changing, and even the best plans need room for adjustment. The key is to set proper risk controls and avoid being blinded by FOMO.

DOGE-0,04%

View Original

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.

11 Likes

Reward
11
4
Repost
Share

Comment

0/400

MetaverseVagabond

· 5h ago

Double bottom stuff, it depends on community enthusiasm to be reliable; indicators are just a facade.

View OriginalReply0

ParanoiaKing

· 5h ago

Double bottom sounds good, but the key is whether it can break above 129435. Right now, the atmosphere feels a bit虚.

View OriginalReply0

0xTherapist

· 5h ago

Double bottom is indeed interesting, but the biggest risk at this position is a false breakout... I don't quite believe the community's hype; it's all just FOMO voices. --- Trying a small position to test the waters is a decent idea, good risk control awareness. I'm just worried that if it breaks down later, you might still be reluctant to cut losses. --- 0.129435 is indeed a critical point; if it can't hold above it, there's no point in fussing. --- RSI is only 43.8, still at the bottom. Those jumping in now are just panic buyers. I'm still waiting and watching. --- An increase in discussion volume ≠ market rise. If these two can be equated, that's strange. --- I'm not touching DOGE anymore; it's too easy to be driven by hype. Be careful of getting crushed. --- I feel like your analysis is quite rational, but this market just doesn't tolerate rationality.

View OriginalReply0

CommunityJanitor

· 5h ago

The double bottom has formed and is still consolidating. This wave of FOMO is indeed a bit excessive. --- Honestly, RSI 43.8 is a bit awkward, but judging by the community discussion heat, it seems like it's about to move. --- The risk control part is reasonable; greed is the biggest harm. --- If $0.129435 can hold steady at this level, I think it's worth watching. It's still a bit uncertain now. --- The more intense the FOMO atmosphere, the more cautious we should be. Haven't the lessons from history been enough? --- A breakout of the double bottom is usually the simplest signal, but this time it feels like the market sentiment is just acting. --- Trying a small position to test the waters is still safe; at least it won't make you so anxious.

View OriginalReply0