$DOGE Surprising roller coaster market! Musk's statement causes a 5% drop, whales buy the dip with $500 million, can the meme king make a comeback?
In the past week, Dogecoin (DOGE) experienced a 'fire and ice' situation on the Binance platform! The price plummeted from a high of $0.255 to $0.215 in an instant, a 5% drop within 24 hours, followed by a strong rebound to $0.23.
Behind this wild surge and drop were Musk's 'divine operation', the crazy buying spree of whale investors, and a collective celebration of memes across the internet!
'Dogecoin is not related to the government' - Musk's tweet triggers a bloodbath!
On August 17, Tesla CEO Musk posted on social media, stating that 'Dogecoin is not related to government projects.' This statement caused DOGE's price to instantly plummet by 5%, dropping from $0.24 to $0.215 within 24 hours, evaporating over $1 billion in market value.
Personal opinion strategy:
From a technical perspective, after DOGE broke through the key support level of $0.215, the short-term resistance level is at $0.246.
If it can hold above $0.23, the next target may point to $0.26; if it breaks below $0.22, it may retest the psychological level of $0.20.
If you currently feel helpless and confused in trading, and want to learn more about the cryptocurrency sector and access cutting-edge information, click on my profile picture to follow me, so you won't get lost in this bull market!
#加密市场回调 #山寨季何时到来？
In the past week, Dogecoin (DOGE) experienced a 'fire and ice' situation on the Binance platform! The price plummeted from a high of $0.255 to $0.215 in an instant, a 5% drop within 24 hours, followed by a strong rebound to $0.23.
Behind this wild surge and drop were Musk's 'divine operation', the crazy buying spree of whale investors, and a collective celebration of memes across the internet!
'Dogecoin is not related to the government' - Musk's tweet triggers a bloodbath!
On August 17, Tesla CEO Musk posted on social media, stating that 'Dogecoin is not related to government projects.' This statement caused DOGE's price to instantly plummet by 5%, dropping from $0.24 to $0.215 within 24 hours, evaporating over $1 billion in market value.
Personal opinion strategy:
From a technical perspective, after DOGE broke through the key support level of $0.215, the short-term resistance level is at $0.246.
If it can hold above $0.23, the next target may point to $0.26; if it breaks below $0.22, it may retest the psychological level of $0.20.
If you currently feel helpless and confused in trading, and want to learn more about the cryptocurrency sector and access cutting-edge information, click on my profile picture to follow me, so you won't get lost in this bull market!
#加密市场回调 #山寨季何时到来？
