When Musk and Trump shake hands and reconcile
When the ETF approval countdown begins
The DOGE market is like a firework that has been ignited
But how long can the wick burn?
News: Three major catalysts and hidden risks
The political honeymoon period between Musk and Trump
Musk recently publicly apologized to Trump, easing tensions between the two, and the market interprets this as a reduction in DOGE's 'systemic risk'. If the two cooperate on cryptocurrency policies (such as promoting payment integration), it could become a catalyst for DOGE's explosion. However, caution is needed for the risk of a pullback after the 'political heat' fades.
ETF approval countdown begins
The SEC's approval of the DOGE spot ETF has been postponed to June 15 (only 3 days left). If approved, it may trigger a short-term spike to $1, but if delayed or rejected again, the price may quickly retrace to the $0.16 support.
Ecological expansion and whale games
Recently, several e-commerce platforms have announced support for DOGE payments, and technical upgrade plans are also underway, enhancing long-term practicality. However, whale movements are a double-edged sword - 155 million DOGE transferred to exchanges, suspected to be preparing for sale, caution is needed for the 'good news turns bad' scenario.
Technical analysis:
The 4-hour K-line releases conflicting signals, key position games, current price: $0.19002, closely hugging the lower Bollinger Band (around 0.16800), with strong demand for oversold rebounds.
Resistance and support: In the short term, it needs to stabilize above 0.18000 to confirm a stop in the decline. Breaking through 0.20 could see it reach the psychological level of 0.23; dropping below 0.16800 would lead to a test of the previous low at 0.16.
Conflicting signals from MACD and Bollinger Bands
MACD golden cross prototype: DIF crosses above DEA, green bars shorten, indicating a possible short-term rebound, but still dominated by bears below the zero line.
Bollinger Bands opening wider: The middle band is sloping down, the trend is bearish, and a rebound needs volume support.
