#数字资产市场动态 DOGE currently looks a bit interesting. Recently, three price levels are the main focus: the first barrier at 0.08, then down to 0.05, and the final target at 0.005.

Why this view? Simply put, the current market is heavily concentrated with long leverage positions. Out of ten traders, at least nine are borrowing money to leverage long. What does this mean? Once the price slightly adjusts, the borrowing ratio immediately rises, and the pressure on leveraged positions skyrockets. When the main force pushes the price up, the cost becomes increasingly high. Once a conflicting situation forms, the downside potential is actually opened up. That's how the market works: the more leverage there is, the more obvious the turning point becomes.