Detailed Afternoon Analysis of DOGE

The recent price of DOGE has been like a roller coaster, with particularly large fluctuations! First, it soared to $0.25, then it sharply dropped to $0.228, with a fluctuation range of 8% in 24 hours. The current price is hovering around $0.22.
From a technical perspective, it is clear that the bears are currently in control. The MACD is still gaining momentum in the bearish zone, and the RSI value is also below 50, indicating an overall bearish trend.
However, there has been a lot of activity on the funding and institutional side. A "big fish" secretly increased its holdings of DOGE in August by 680 million to 2 billion coins, which accounts for about 18% of the circulating supply; moreover, Grayscale has submitted an application for the first DOGE ETF, and it is said that the probability of approval by the SEC before October 2025 is 90%. This news is considered a small positive.
The technical aspect is not entirely bad either; there was previously a golden crossover — the 50-day moving average crossing above the 200-day moving average, as well as a double bottom pattern. However, in the short term, the support level is at $0.2060, while the resistance level is in the range of $0.2160 to $0.2280.
The afternoon is bullish, and I feel that we can directly go long around 0.2020-0.2060 USD, targeting 0.2130-0.2200 USD first; if we can break through this range, then we will look towards 0.2317 USD!
Market conditions can change in an instant, but when it comes to real operations, that's definitely Ango's forte!