The following are the specific methods for analyzing the price trend of digital currency DOM:

Technical analysis

• K-line chart analysis: observe the daily K-line, weekly K-line, or monthly K-line of DOM. By the body (between the opening price and the closing price) and the shadow (the highest price and the lowest price) of the K-line, the price fluctuation can be judged. For example, a longer upper shadow may indicate the existence of resistance above, encountering selling pressure after a price increase; a longer lower shadow may imply support below, with buying interest after a price drop.

• Moving Average Line: Calculate moving average lines of different periods, such as 5-day, 10-day, and 20-day moving averages. When the short-term moving average line crosses above the long-term moving average line, it may be a signal of price increase, called a "golden cross"; conversely, when the short-term moving average line crosses below the long-term moving average line, it may be a signal of price decrease, called a "death cross".

• Relative Strength Index (RSI): RSI can measure the strength of DOM price trends. The RSI value is usually between 0 and 100. When the RSI exceeds 70, it indicates that the market may be overbought and there is a risk of price correction. When the RSI is below 30, it may be oversold and there is a possibility of price rebound.

Fundamental Analysis

• Project progress: Pay attention to the development of the DOM project itself. For example, technical upgrades, new feature releases, and expansion of application scenarios can all affect its price. If the project team announces that DOM will be applied in a major commercial scenario, this usually increases its price.

• Market demand and supply: Understand the demand for DOM in the market. For example, more and more merchants are starting to accept DOM as a payment method, or there is a large influx of investors buying DOM, and an increase in demand may drive up prices. At the same time, pay attention to the issuance volume and Circulating Supply of DOM. If the issuance volume suddenly increases significantly and the market demand does not keep up, the price may fall.

• Industry competition: Consider the competitive situation within the digital currency industry. If other digital currencies with more advantages launch similar functions or are more successful in market promotion, DOM's market share may be squeezed, leading to a price decline.

Market Sentiment Analysis

• Social media popularity: Observe the discussion popularity about DOM on social media platforms (such as Twitter, Reddit, etc.). If there are many users actively discussing the advantages of DOM, sharing investment experiences, etc., it may attract more attention and investment, and drive the price to rise; on the contrary, if there are a large number of negative reviews or doubts, it may cause the price to fall.

• Impact of news events: Pay attention to the reporting of financial news and blockchain industry news on DOM. For example, regulatory policy changes, Hacker attack events, news of cooperation with large enterprises, etc., all can have a significant impact on the price of DOM. If there is news reporting that DOM has been recognized by a well-known financial institution, its price may rise.