Recently, geopolitical events have been coming in waves, and DOGE’s performance has truly been a rollercoaster!🎢

Let's start with the good news: DOGE rose more than 7% a few days ago, peaking at $0.1674 during the session, gaining significant momentum!🚀

But in the blink of an eye, it fell sharply again, making the market feel like a rollercoaster.

There’s a story behind the fluctuations - is the U.S. President's 'ceasefire' just a facade?🥶

The cause of this market movement is quite dramatic - Trump suddenly announced a ceasefire between Israel and Iran, and the market instantly rejoiced, boosting both financial and crypto assets.🎉

Not long after, the truth was revealed: there was no formal agreement, Iran opened fire again, and Israel still hadn't caught its breath, which doused the market's enthusiasm and caused asset prices to plummet.

Latest DOGE data update📊

  • Price: around $0.164

  • 24-hour increase: +7%+ (but with high volatility, fluctuating repeatedly)

  • The price once surged over 12% during the session, but a noticeable pullback followed.

  • Trading volume has dropped by 10%, prices have risen but transactions have decreased, and the upward trend seems less stable.

What does this indicate? Investors are starting to hesitate, and the momentum hasn't fully stabilized.

Whales have started trading! 155 million DOGE dumped into Robinhood🦈

Just after the price increased, a 'whale' suddenly acted, dumping 155 million DOGE into Robinhood, valued at $24.6 million!💰

After this massive transfer was made, the price of DOGE began to decline. Everyone is guessing whether this wave is a liquidation or some other operation; there is still no conclusion.

Is the outflow of funds the real signal? $18 million worth of DOGE left the exchanges; is it a buying opportunity?

On-chain data looks quite interesting - in the past 24 hours, over $18.34 million worth of DOGE has flowed out of exchanges, indicating that many people have taken their coins away, possibly to hold long-term or exit the exchanges, which could be a potential accumulation signal.📈

This outflow of funds may have alleviated selling pressure; perhaps a 'bottom' is forming?

What does the technical analysis say? Can the bulls break through the $0.17 barrier?

According to AMBCrypto's analysis, DOGE is still struggling in a long-term downward channel.

Currently, the price has hit the upper boundary of the channel and the resistance level at $0.165; whether it can break through depends on the upcoming performance.

If the daily close can stay above $0.17, the market could potentially surge by 20% to 50%!🔥

To summarize👇

  • Geopolitical news caused DOGE to soar and then drop, resulting in huge volatility.

  • Whale selling actions triggered market fluctuations.

  • The outflow of funds indicates that someone is quietly buying or accumulating.

  • Key technical points are at $0.165 and $0.17; a breakout would be bullish.

The market changes rapidly, and DOGE's recent performance is really love-hate 😅. The movements of the whales and the inflow and outflow of funds are all hinting at subtle changes in the market. The question now is - are you ready to keep up with this rhythm, or will you hold back and observe first?🤔

DYOR, manage risks well, and may everyone sail smoothly in the crypto world!🌊

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