[Major Update] Price has broken through key resistance levels.

According to Mlion.ai analysis, the current price of Dogecoin has reached $0.23, with a 24-hour increase of 8.71%, and trading volume surged to $12.59 billion. This breakthrough completely overturns the previous bottom judgment of $0.156, and the market is experiencing a strong rebound.

[In-depth Analysis of Whale Behavior]

The truth revealed by on-chain data.

On-chain data for July shows extremely complex whale behavior patterns:

Strategic return after phased reduction.

- At the beginning of July, wallets holding 1 million to 10 million DOGE decreased from 10.7 billion to 10 billion.

- The number of super whales holding 100 million to 1 billion DOGE decreased from 2.65 billion to 2.48 billion.

- However, on July 13, the single-day transaction volume surged to $23.35 billion, an increase of 41.12%.

This behavior pattern of reducing positions before increasing them typically reflects the professional institutions' 'wash - accumulation' strategy. Whales create panic through early reductions and then repurchase in large quantities at low levels, forming a perfect price manipulation cycle.

The reverse operation logic of institutional funds.

The current market shows a clear divergence between 'smart money' and retail funds:

- The Fear and Greed Index shows the market sentiment value at 70, indicating a 'greedy' state.

- Bitcoin spot ETF recorded a net inflow of $4 billion for 8 consecutive days.

- The number of 'smart money' wallets holding 100-1000 BTC has surged by 22% this year.

- The number of active addresses for retail investors has decreased by 3%.

This divergence phenomenon often signals the arrival of significant trend turning points in history.

[Dual Verification of Technical and Fundamental Aspects]

The technical significance of the price breakout.

$0.23 price level has significant technical significance:

- Broke through the key resistance level of $0.20 in July.

- Stabilizing above the 20-day moving average support, forming a bullish arrangement.

- The RSI indicator quickly rebounded from the oversold area to the neutral strong range.

- Increased trading volume combined with price breakout confirms the effectiveness of the rise.

Market Catalyst Analysis

The core factors driving this round of increase include:

1. The Musk Effect continues to ferment: Tesla and SpaceX's long-term support stance on DOGE.

2. Expansion of Payment Application Scenarios: More and more merchants accept DOGE payments.

3. Growing Institutional Allocation Demand: Traditional financial institutions are beginning to include DOGE in their portfolios.

4. Expectations for Technical Upgrades: Continuous optimization and upgrades of the DOGE network.

[Re-evaluation of Key Timing Nodes]

Based on the current price level of $0.23, the timing forecast needs to be readjusted:

Short-term (7-14 days):

- Key Resistance Level: $0.28 - $0.30 range.

- Support Level: $0.20 - $0.22 range

- Expectations: Continue to attack after oscillating consolidation.

Mid-term (August):

- Target Level: $0.35 - $0.40

- Key Event: Possible technical pullback in mid-August.

- Strategy: Golden window period for increasing positions on dips.

Long-term (before the end of the year):

- Ultimate Target: Re-testing the historical high of $0.70.

- Probability Assessment: Based on the current trend, the probability exceeds 60%.

[Precise Investment Strategy Upgrade]

Multi-layer Positioning Strategy

Given that the price has exceeded expectations, the investment strategy needs to be adjusted accordingly:

Aggressive Investors:

- The current price level of $0.23 allows for moderate chasing.

- Focus on accumulating positions when pulling back to the $0.20 - $0.22 range.

- Stop Loss Setting: $0.18.

- Target Levels: First target $0.35, second target $0.50.

Conservative Investors:

- Wait for a pullback below $0.20 before taking action.

- Gradually build positions, increasing once for every 5% drop.

- Stop Loss Setting: $0.16

- Target Level: $0.30 - $0.35

Key Points for Risk Control

1. Position Management: Single asset holdings should not exceed 20% of total funds.

2. Gradual Operation: Avoid full position at once, retain space for subsequent increase.

3. Take Profit Strategy: Gradually reduce positions after reaching the target level, retaining core positions.

4. Market Monitoring: Closely monitor whale movements and changes in market sentiment.

[Exclusive Prediction]

According to comprehensive analysis by Mlion.ai, Dogecoin is at the starting point of a new bull market cycle. The current price breakthrough is not a coincidence, but the result of multiple factors resonating. It is expected that within the next 3-6 months, DOGE is likely to challenge the $0.50 mark, and the probability of re-testing the historical high before the end of the year is rapidly increasing.

The core logic behind this round of increase lies in: the continuous inflow of institutional funds, the constant expansion of payment scenarios, and the structural bull market in the entire cryptocurrency market. Investors should seize this historic opportunity while also managing risks.

Please note that all investments carry risks, and investors should make their own judgments and assume corresponding responsibilities.

Source: mlion.ai