Core Viewpoint - Dogecoin price has shown significant volatility but closed up 1% at $0.213, with increased trading volume indicating heightened market participation and speculation around potential ETF approval and Federal Reserve interest rate cuts [2][3]. Market Activity Overview - From September 2 to 3, Dogecoin traded between $0.207 and $0.215, with a volatility of 4% and a trading volume of $949 million, 21% higher than the weekly average, driven by active participation from both retail and institutional investors [3]. - Speculation regarding the approval of a Dogecoin ETF is a key driver of recent price fluctuations, with the probability of approval rising from 51% to 71% as the October deadline approaches, potentially attracting more institutional investors [3]. - The market anticipates four interest rate cuts by the Federal Reserve before the end of the year, with the first cut possibly occurring in September, which has bolstered interest in risk assets, providing support for Dogecoin [3]. Technical Analysis - Dogecoin is currently consolidating slightly above the critical support level of $0.214, which is a combination of the 0.5 Fibonacci retracement level and an upward trend line, marking a crucial "make or break" zone for the price [3]. - If bulls can maintain the $0.214 level, Dogecoin may rebound to $0.278; however, if it falls below this support, the next support level is $0.197, which could lead to a deeper correction if breached [4]. - The Stoch RSI indicator is currently reset in the middle range, suggesting that both bullish and bearish opportunities exist, with future volatility dependent on market control between bulls and bears [3][5]. Future Price Targets - A rebound target for Dogecoin is set at $0.278, while a critical risk level is identified at $0.197; failure to hold above $0.214 could negate bullish expectations and lead to a potential drop to $0.173 [4]. - The current price action is at a decisive crossroads, with the outcome dependent on whether bulls can defend key support levels and ignite upward momentum or if bears will capitalize on price weakness [5].
狗狗币“黄金支撑”0.19告急,跌破将史诗级崩盘!马斯克喊单DOGE能否拯救多头?
Sou Hu Cai Jing·2025-09-03 08:23