Can Dogecoin break through $0.28? What are the bulls brewing? Recently, Dogecoin has been oscillating between $0.13 and $0.14, appearing calm on the surface, but undercurrents are surging beneath. In the past 24 hours, it has increased by 0.25%, while the weekly decline is 7.4%, and trading volume has shrunk significantly by 50%. What does this usually indicate? The market is waiting for a direction. Interestingly, open interest has actually increased by 1.7%, suggesting that bulls are quietly positioning themselves. On the technical side, the RSI indicator is at 52.7, in the neutral zone, with no obvious overbought or oversold signals. The EMA moving averages are still trending downward, and the 50-day moving average is stuck around $0.14 — this level is crucial. Once Dogecoin stabilizes above $0.14, the upward path opens. From a technical perspective, $0.15, $0.18, and $0.20 are all possible relay points, with the long-term target directly at $0.28. The key is trading volume; the current low activity can easily be shattered by sudden buying pressure. The short-term strategy is clear: bulls should closely watch for a breakout above $0.14, while bears defend the support at $0.13. Whoever loses first will give the other an advantage.
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Can Dogecoin break through $0.28? What are the bulls brewing? Recently, Dogecoin has been oscillating between $0.13 and $0.14, appearing calm on the surface, but undercurrents are surging beneath. In the past 24 hours, it has increased by 0.25%, while the weekly decline is 7.4%, and trading volume has shrunk significantly by 50%. What does this usually indicate? The market is waiting for a direction. Interestingly, open interest has actually increased by 1.7%, suggesting that bulls are quietly positioning themselves. On the technical side, the RSI indicator is at 52.7, in the neutral zone, with no obvious overbought or oversold signals. The EMA moving averages are still trending downward, and the 50-day moving average is stuck around $0.14 — this level is crucial. Once Dogecoin stabilizes above $0.14, the upward path opens. From a technical perspective, $0.15, $0.18, and $0.20 are all possible relay points, with the long-term target directly at $0.28. The key is trading volume; the current low activity can easily be shattered by sudden buying pressure. The short-term strategy is clear: bulls should closely watch for a breakout above $0.14, while bears defend the support at $0.13. Whoever loses first will give the other an advantage.