Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#数字货币市场回调 The DOGE market is at a critical moment, with various indicators showing that a significant fluctuation may be imminent.
From a technical analysis perspective, there are currently three key points worth noting:
Firstly, the MACD indicator shows a clear divergence phenomenon, and the contraction of the histogram indicates that the downward momentum is weakening. If the market subsequently shows a bullish candle with increased trading volume, it is likely to form a reversal signal, increasing the chances of a technical rebound.
Secondly, the trading volume data shows unusual signs - the actual transaction volume is about 299 million, but the estimated trading volume has surged to nearly 800 million. This discrepancy may hide specific motives of market participants.
Furthermore, the oscillation performance near the MA5 moving average is also worth noting, as it usually indicates that some investors are quietly positioning themselves.
On-chain data also reveals important information: Recently, at dawn, a large wallet address transferred approximately 50 million DOGE to the exchange. Such large capital flows are often a precursor to a market shift.
At the same time, rumors are circulating in the market that SpaceX may accept DOGE as a payment method. Although this has not been officially confirmed, it has sparked widespread discussion in the community. The 15% increase in the number of active addresses on the DOGE network also indicates that its fundamentals are gradually strengthening.
It is worth noting that the performance of the U.S. stock market and the trend of Bitcoin will still have a direct impact on DOGE. Investors should remain vigilant and avoid making trading decisions solely based on market news, but should instead make comprehensive judgments by considering multiple factors.
The market does not show mercy to the hesitant; it only rewards the doers. Keep a close eye on today's market trends, as you may witness significant changes.