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In the current Crypto Assets market, the trend of DOGE ($DOGE) has attracted widespread attention from investors. Analysis shows that the recent pullback trend of DOGE has a certain correlation with the previous sideways fluctuations of Ethereum. However, market observers point out that even if Ethereum reaches the level of $3800, DOGE may not be able to break through the 0.26 or 0.27 dollar mark.
According to the latest market data, the long-short ratio of Ethereum is approximately 7:3, while the long-short ratio of DOGE is as high as 9:1. This extremely bullish sentiment, combined with the open positions from the previous round of high levels that are still stuck, makes the price trend of DOGE even more complicated.
In the face of such a market structure, investors are closely following whether DOGE can break through the key resistance level of $0.28. A breakthrough at this price point could signify the beginning of a new round of increases, but given the current market environment and investor sentiment, achieving this goal may face significant challenges.
It is worth noting that the high volatility of the crypto assets market means that situations can change at any time. Investors should comprehensively consider multiple factors when making decisions, including but not limited to market sentiment, technical analysis, macroeconomic environment, etc., and always maintain a cautious attitude.
In this complex market environment, it is particularly important to maintain rationality and patience. Whether bullish or bearish, it is necessary to build on sufficient research and risk assessment.