DOGE Whales Flip the Table! Is the Surge a Script or a Boomerang?
Alarm sounded! This morning, on-chain data revealed an epic anomaly—807 million DOGE were transferred lightning-fast between two anonymous wallets in 60 seconds. This could either be a rallying call from the whale or a 'loading action' before harvesting. The market has provided an answer: after the news broke, DOGE surged against the trend by over 9%, with trading volume skyrocketing by 73%. The doge has shown its true colors this time!
1. Underlying Capital Game
The transfer of these 800 million chips can be seen as a blatant provocation. Historical on-chain data indicates that it is extremely rare for the price to drop after a whale movement within 24 hours. Combined with the current technical formation of DOGE breaking through the key resistance level of $0.18, it is highly likely that the main force is targeting the shorts after accumulating positions. However, be aware that anonymous wallets may dump at any time; the early morning Asian session has always been a disaster zone for whale manipulation, so beware of violent price swings.
2. How Many Bullets Are Left for the Bulls?
The four-hour K-line clearly shows a bullish engulfing pattern, MACD has formed a secondary golden cross and is widening, RSI is firmly above the 50 midline, indicating that this surge of DOGE is a strong 'volume-driven rally.' The psychological barrier at $0.20 must be overcome to unlock weekly-level rebound potential. However, the Bollinger Bands' mouth has suddenly expanded, and the 15-minute TD sequence has reached the 8th bar. A trend change may occur around 8 AM tomorrow, as whales love to launch sneak attacks at such technical nodes.
3. Musk Silent but Macro Good News
Musk has been silent on Twitter for three consecutive days, and the positive effects of the good news are fermenting. Meanwhile, the Bank of England has cut interest rates by 25 basis points, and expectations for a dovish Fed are rising. After Bitcoin stabilizes at $62,000, the bleeding effect weakens, providing altcoins with room to catch up. As the leading meme coin, DOGE tends to rise with the market rather than fall. If U.S. stocks continue to strengthen when the market opens tonight, it may stimulate DOGE to challenge the $0.20 mark.
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