#Gate 2025 Semi-Year Community Gala# voting is in progress! 🔥
Gate Square TOP 40 Creator Leaderboard is out
🙌 Vote to support your favorite creators: www.gate.com/activities/community-vote
Earn Votes by completing daily [Square] tasks. 30 delivered Votes = 1 lucky draw chance!
🎁 Win prizes like iPhone 16 Pro Max, Golden Bull Sculpture, Futures Voucher, and hot tokens.
The more you support, the higher your chances!
Vote to support creators now and win big!
https://www.gate.com/announcements/article/45974
Recently, the performance of DOGE has been impressive. Starting from $0.165, this wave of rise has been surging forward, reaching a peak of $0.20136, demonstrating strong upward momentum.
The four-hour chart shows that bullish strength is fully erupting, with the trend being both rapid and resolute. On the technical side, the Bollinger Bands are opening upwards, indicating that the market is beginning to diverge. The MACD indicator has formed a golden cross accompanied by a significant number of continuous red bars, highlighting the persistence of the upward momentum. The significant increase in trading volume suggests that there may be large capital driving this round of upward movement.
However, for ordinary investors, it is not wise to blindly chase the highs at this time. It is recommended to wait for a pullback to around $0.190 and consider entering after the trend stabilizes. If the upward momentum continues, the next target price may be in the range of $0.208 to $0.215. However, if it breaks the support at $0.190, attention may need to be paid to the support level around $0.185.
The market is ever-changing, and investors must remain calm, analyze rationally, and make cautious decisions. Although DOGE is currently performing well, the volatility of the cryptocurrency market is still significant, so remember not to get carried away by short-term gains. Continuously monitor market trends and adjust strategies accordingly; this is the wise course of action.