DOGE Roller Coaster! Big Players Buying Madly vs Retail Investors Running Away, Long and Short Battle Intensifies
$DOGE Today's market feels like a rocket ride—hitting a daily high of 0.198, only to drop suddenly, leaving a long upper shadow on the K-line, indicating that the bulls are losing steam.
However, the support level below hasn’t been broken, and the moving averages are still trending upwards, holding steady for now.
On-chain data is even more exciting: over the past 24 hours, big players have bought 120 million DOGE, but the deposit amount on exchanges has skyrocketed by 37%, clearly indicating that retail investors are secretly cashing out and fleeing!
The derivatives market is even crazier, with OKX perpetual contracts' funding rates soaring to the sky, as bulls are collectively getting overly excited—be careful of being ambushed by shorts at any moment!
Short term, there are two scenarios:
Holding: DOGE consolidates sideways, forming a “flag” pattern, before breaking through the 0.2 level;
Crash: triggering a technical sell-off, dipping back to 0.13 for safety.
In simple terms, it’s currently a “giant whale fiercely confronting retail investors” scenario! Keep an eye on Musk’s updates and the rotation of the Meme sector, don’t get too reckless with your positions, after all, the crypto space is never short of reversals!
If you’re still confused in the crypto world and don’t know how to operate, follow me! More hundred-fold coins will burst forth, it’s better to grasp than to guess.
