Dogecoin's recent trend is quite interesting. As of the morning of January 9th, the price hovers around $0.141, down about 4.3% in the past 24 hours, with a market cap stable at around $23.8 billion. Although there has been a short-term correction, the overall bullish structure remains intact.
Let's first look at the technical signals. The past four days have seen nearly a 30% increase, which has strengthened the support at the bottom of $0.132. Currently, $0.145 is a short-term critical defense line. If this level holds, the RSI and MACD indicators are both performing well, and the upward momentum is expected to continue.
There are two key levels to watch above—$0.154-$0.155 is a recent resistance zone. Once broken, attention can shift to $0.162-$0.166, and further targets are $0.175-$0.180. From a technical perspective, this pace appears smooth.
From the capital side, whales are quietly increasing their holdings, and the activity of leveraged ETFs is also rising. Community enthusiasm remains high. All these indicate that market speculation and narrative-driven factors are still ongoing and should not be underestimated.
On the ecosystem front, expansion of DRC-20 is underway, and payment scenarios are being expanded. These are long-term positive signals. Recent related developments could also serve as new catalysts.
From a trading perspective, if there is a short-term correction to the $0.142-$0.145 range, it could be a good opportunity for light long positions, with a stop-loss set at $0.140. Once the price breaks above $0.155, consider adding to positions, with the first target at $0.162. If support is broken, pay attention to $0.142 and $0.135.
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.
12 Likes
Reward
12
6
Repost
Share
Comment
0/400
NotAFinancialAdvice
· 01-10 19:31
The 30% surge in Dogecoin is indeed a bit crazy, but if 0.145 can't hold, I still feel a bit anxious.
View OriginalReply0
MEVHunterBearish
· 01-10 18:41
Dogecoin's 30% surge this time is really outrageous. If 0.145 can't hold, we have to admit defeat.
View OriginalReply0
SmallTownBigGodOfWealth
· 01-09 02:52
?。。。。?。。。。。。。。?。。
Reply0
wrekt_but_learning
· 01-09 00:46
Whales are moving again. Can Dogecoin break through 0.155 this time?
View OriginalReply0
GateUser-c799715c
· 01-09 00:42
Dogecoin is back in action, and the big whales are quietly accumulating chips.
View OriginalReply0
SwapWhisperer
· 01-09 00:31
Dogecoin's recent 30% surge is indeed impressive, but I now see the pullback as normal and there's no need to panic.
Dogecoin's recent trend is quite interesting. As of the morning of January 9th, the price hovers around $0.141, down about 4.3% in the past 24 hours, with a market cap stable at around $23.8 billion. Although there has been a short-term correction, the overall bullish structure remains intact.
Let's first look at the technical signals. The past four days have seen nearly a 30% increase, which has strengthened the support at the bottom of $0.132. Currently, $0.145 is a short-term critical defense line. If this level holds, the RSI and MACD indicators are both performing well, and the upward momentum is expected to continue.
There are two key levels to watch above—$0.154-$0.155 is a recent resistance zone. Once broken, attention can shift to $0.162-$0.166, and further targets are $0.175-$0.180. From a technical perspective, this pace appears smooth.
From the capital side, whales are quietly increasing their holdings, and the activity of leveraged ETFs is also rising. Community enthusiasm remains high. All these indicate that market speculation and narrative-driven factors are still ongoing and should not be underestimated.
On the ecosystem front, expansion of DRC-20 is underway, and payment scenarios are being expanded. These are long-term positive signals. Recent related developments could also serve as new catalysts.
From a trading perspective, if there is a short-term correction to the $0.142-$0.145 range, it could be a good opportunity for light long positions, with a stop-loss set at $0.140. Once the price breaks above $0.155, consider adding to positions, with the first target at $0.162. If support is broken, pay attention to $0.142 and $0.135.