【Explosive Rebound Signal!】Dogecoin Strongly Breaks Through, Analysts Boldly Declare '1.16 USD is Not a Dream'!
Dogecoin (DOGE) has recently broken through its downward channel, with prices rebounding strongly above 0.175 USD, drawing widespread market attention. Analysts say that key technical signals and the behavior of whales accumulating large amounts of coins indicate that a new bull market may have quietly started.
Technical Aspect: Breaking Downward Trend, Bullish Signals Emerge
Short-term charts show that DOGE has successfully broken through key resistance, with 0.165 to 0.168 USD becoming solid support. If it can stabilize above 0.185 USD, it is expected to challenge 0.20 USD, 0.30 USD, and even hit the 0.50 USD mark.
Long-term View: 1.16 USD May Be the Next Target
Long-term analysts indicate that DOGE is building a structural bottom, and the current trend is very similar to before the significant rise in 2024. If the trend continues, this round of increases may break through the 1.16 USD barrier. Technical indicators like RSI are also showing bullish divergence, suggesting a potential reversal.
Whales Act: 100 Million DOGE Leave the Market, Signals Strong
A large transaction worth approximately 17.5 million USD has sparked discussion, with significant funds flowing out of the trading platform into private wallets, indicating a clear long-term bullish intent. Institutional accumulation of coins continues, supporting the current upward trend.
Caution: Retail Enthusiasm Remains Low, Rise Driven by Large Holders
Although market capitalization is rising, on-chain activity has not increased in tandem. Analysts believe this rise is more likely driven by large holders rather than widespread retail participation, indicating that risks and opportunities coexist.
In summary, Dogecoin is approaching a key turning point in the short term. If it breaks through the 0.20 USD resistance zone, it will open the door for subsequent challenges of 0.50 USD or even 1.16 USD. Will it replicate the past 500% increase? The market is holding its breath in anticipation.
Are you optimistic about the next movement of Dogecoin?
