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$DOGE can break through the resistance level near $0.39 or fall to the support level of $0.36?
In the past 24 hours, doge has been attempting to break through $0.39 and the highest price of about $0.395 for several hours, but without much success. The inflow volume in the past 24 hours was over 80 million, with a greed and fear index of 73, showing a strong upward trend.
However, considering the activities of whales, the long/short ratio is 0.4:1, which means some big players are expected to take short positions. From a positive perspective, if there is further breakthrough, it means investors should provide further support to prevent liquidation and increase in fund inflow.
In order to break through the resistance level, it needs further liquidity to grow healthily.
What do you think? Will it rise or return to the support level around 0.36 dollars?