#数字资产市场洞察 🚀 Can $DOGE turn around? The 0.122-0.124 level might be the last lifeline
This afternoon, DOGE was still hovering around $0.1259, having fallen for over three weeks in a row, breaking the April lows. The market sentiment shows a short position ratio as high as 53.91%, with widespread panic. However, from a technical chart perspective, the level at $0.1231 still holds some significance — it is a recent key support level. If it holds firm here, the chances of a rebound increase.
🔥 Trading logic proceeds as follows:
**Entry zone**: Between 0.12230 and 0.12430. This area is close to the lower boundary of the monthly Bollinger Bands and is seen by many traders as a potential starting point for a bullish rebound.
**Looking upward**: The first target is set at 0.12630. If a breakout occurs, the next target is 0.12880. If the rebound momentum can be maintained, stronger resistance lies at the 50-day moving average at $0.1556.
**Risks to watch**: If 0.1231 is effectively broken, the downside target could be the psychological level of $0.1000. Stop-losses must be set properly—don’t be soft-hearted.
Currently, the market is stuck in a critical compression zone, and the battle between bulls and bears is about to erupt. ⚠️ Again, the above is just market observation based on public data. Cryptocurrency volatility is unpredictable, so all operations should be approached with caution and at your own risk.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
20 Likes
Reward
20
10
Repost
Share
Comment
0/400
ColdWalletAnxiety
· 2025-12-21 07:49
If this level of 0.123 is broken, we really have to meet again at 0.1 to eat dust.
View OriginalReply0
Web3ExplorerLin
· 2025-12-21 06:26
hypothesis: this 0.1231 level isn't just support—it's basically the silk road junction where bulls either find their caravanserai or get swept into the desert, innit
Reply0
TokenomicsDetective
· 2025-12-21 00:41
It's already fallen this much, and people are still calling for a rebound... Do they really think 0.123 is an iron gate?
View OriginalReply0
PessimisticOracle
· 2025-12-18 08:21
Doge is really in trouble this time, with a 53% short... How strong does the rebound need to be to turn things around?
View OriginalReply0
LiquidityOracle
· 2025-12-18 08:16
Once again, it's the same argument about support and resistance levels. It would be truly unbelievable if it holds above 0.1231.
---
Dogecoin's recent move relies on retail investors taking the bait. What's the use of good technicals?
---
Falling for three weeks and still hoping for a rebound? I think there's an 80% chance it will break below 0.1.
---
Is 0.12 to 0.124 really a lifesaver? It feels like it's already beyond saving.
---
Are Bollinger Band supports really that magical? Will history repeat itself? Who knows.
---
The bearish sentiment is over 53%. Are the bulls still daring to enter?
---
Waiting to see the drama at the 0.1 mark. Will it hold this time?
View OriginalReply0
DeFiAlchemist
· 2025-12-18 08:06
ah, the transmutation of meme coin volatility into yield-generating protocol mechanics... 0.1231 reads like a sacred equilibrium point, ngl. risk-adjusted mysticism suggests we're watching the philosopher's stone moment here—either the alchemical compression holds or we're witnessing value dissolution down to round number support. fascinating algorithmic dance, tbh.
Reply0
SnapshotDayLaborer
· 2025-12-18 08:04
0.122 If it can still hold, there's still hope; if it breaks, it will head straight to one cent. This wave is really fierce.
View OriginalReply0
SelfCustodyBro
· 2025-12-18 08:01
0.1231 if we can't hold on, we'll go straight to one cent. This is truly a life-and-death moment.
View OriginalReply0
ProposalDetective
· 2025-12-18 07:56
Talking about DOGE as a life-saving straw again, I feel like this phrase has been overused. If it really drops to 0.1, it's all over.
View OriginalReply0
HashBandit
· 2025-12-18 07:55
nah fr tho, back in my mining days this kinda consolidation would've eaten me alive... anyway 0.123 either holds or it doesn't, not exactly rocket science here
#数字资产市场洞察 🚀 Can $DOGE turn around? The 0.122-0.124 level might be the last lifeline
This afternoon, DOGE was still hovering around $0.1259, having fallen for over three weeks in a row, breaking the April lows. The market sentiment shows a short position ratio as high as 53.91%, with widespread panic. However, from a technical chart perspective, the level at $0.1231 still holds some significance — it is a recent key support level. If it holds firm here, the chances of a rebound increase.
🔥 Trading logic proceeds as follows:
**Entry zone**: Between 0.12230 and 0.12430. This area is close to the lower boundary of the monthly Bollinger Bands and is seen by many traders as a potential starting point for a bullish rebound.
**Looking upward**: The first target is set at 0.12630. If a breakout occurs, the next target is 0.12880. If the rebound momentum can be maintained, stronger resistance lies at the 50-day moving average at $0.1556.
**Risks to watch**: If 0.1231 is effectively broken, the downside target could be the psychological level of $0.1000. Stop-losses must be set properly—don’t be soft-hearted.
Currently, the market is stuck in a critical compression zone, and the battle between bulls and bears is about to erupt. ⚠️ Again, the above is just market observation based on public data. Cryptocurrency volatility is unpredictable, so all operations should be approached with caution and at your own risk.