$DOGE Giant Whale 115 Million Coins Hit the Market! Can it Return at $0.25?
The MACD golden cross below the zero line is a bullish signal for the dog traders partying on the graves! DOGE's 6-hour K-line is stuck between the parallel lines of 0.168-0.142, and the sound of the dog traders sharpening their knives has echoed throughout the crypto world.
1. Technical Aspects: Three Major Mountains!
1. Moving Average Aspects:
MA5: Three precise strikes on rebounds
MA30: Suppressed for 18 days, the dog party is under siege
MA60 Bearish Missile Pit: Breaking will trigger a -15% level waterfall
2. MACD Aspects: DIF: -0.00039 crossing DEA: -0.00137 false golden cross, red bars insufficient at 5-day average 55%—typical 'dying rebound'! The probability of a crash after a golden cross below the zero line >83%
3. Volume Aspects: Latest volume 744 million coins (estimated shrinkage of 1.172 billion by 36.5%), fatal detail: MA5 volume line dead cross MA10; actual volume only accounts for 66% of MA5, with on-chain counter trades accounting for 58%
2. Latest On-Chain News: Three Key Messages!
1. Order wall at 0.22000 increased to 85 million coins (accounting for 72% of daily average volume)
2. Explosion in Open Contracts: On June 23, DOGE open contracts surged by 6.89% within 24 hours, locking in 1.141 billion DOGE, reaching a three-month high
2. Gate.io accounts for 31.56%, Binance accounts for 20.2%, indicating that major funds are betting on direction as the funding rate rises to 0.0004%, with bulls paying bears to maintain positions, suggesting a warming short-term bullish sentiment.
3. Accelerated Net Outflow from Exchanges: The past two weeks have seen continuous net outflow from exchanges, with on-chain data showing significant accumulation signs, especially around 0.20-0.185 where dense buying occurred.
However, the Coin Days Destroyed (CDD) indicator surged on June 14 and 17, reflecting some long-term holders' activity, indicating potential selling pressure still exists.
I am a math guy, top-notch technical support, only serving those with vision and ambition!