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Dogecoin contract experiences a significant pullback; the consolidation range is for subsequent breakout momentum.
【Crypto World】Market plunges, and Dogecoin is no exception. In 24 hours, open contracts shrank by 4.03%, dropping from $1.51 billion directly, and the coin price also loosened, down 1.22% to $0.127.
Interestingly, Dogecoin had risen earlier, and now it’s fluctuating between $0.126 and $0.135, seemingly gathering strength for the next move. This position is neither too low nor too high, and it’s in a consolidation phase. Although this market adjustment is fierce, it also provides many with the opportunity to reassess Dogecoin’s trend.
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It's either accumulation or correction, repeating the old tune. Let's see if it can truly break through 0.135.
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Basically, it's a shakeout, clearing out those with poor mentality. As long as it doesn't break 0.12, I will keep holding.
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A 4-point shrinkage in the contract isn't a big deal; what's important is whether the funds are still there, so we can judge if a rebound is truly coming.
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I just want to ask, when will Dogecoin give us some surprises? It keeps dithering in this range, which is getting a bit annoying.