DOGE rose again today! With the easing of the situation in the Middle East and the commitment of US presidential candidate Kamala Harris to cryptocurrency regulation, market sentiment was high, and DOGE once soared, breaking through 0.119.
Why did it rise?
1. Easing of the situation in the Middle East: The tension between Israel and Iran eased, and market concerns eased, driving the overall cryptocurrency market up.
2. Wall Street drives sentiment: The S&P 500 index hit a new high on Wall Street, and investors are optimistic about the possible earnings performance in the future. This market optimism has also affected the crypto market.
3. Kamala Harris's crypto promise: In her campaign speech, she promised to support cryptocurrency regulation, especially focusing on protecting the rights of investors. This promise has allowed the crypto community to see the dawn of the future regulatory environment and has also strengthened investor confidence.
Technical side of Dogecoin
Recently, after a period of correction, Dogecoin has become a key resistance point at 0.116. If the breakthrough is successful, the price is expected to hit the upper 0.14. If the breakthrough fails, the price may pull back to around 0.109.
Operation strategy
Bullish breakthrough: If the price can stand firmly above 0.116, you can consider going long with the trend, with the target at 0.14.
Callback support: If the price falls below 0.116, the support below is around 0.109. If it falls below, you can go short with a light position.
Summary: The current market sentiment is optimistic, and Dogecoin is rising driven by multiple positive factors, but pay attention to key resistance and support points, and seek steady success in operation.