【$DOGE Market Analysis: Musk Tests Payment Interface, Will the Surge Catalyst Arrive?】
Technical Analysis: The 1-hour chart maintains a range fluctuation between 0.21-0.28, with prices stuck between the MA5/MA20 moving averages. The trading volume has not sustained an increase, showing characteristics of short sellers closing positions and long buyers testing the waters. If key levels hold, there will be short-term sideways movement, and attention should be paid to the effectiveness of the 0.21 support.
News:
- On-chain Activity: 150 million DOGE transferred to an unknown address within 72 hours, suspected institutional accumulation;
- Major Catalyst: A company owned by Musk is testing the DOGE payment interface, which could trigger market movement;
- Regulatory Easing: The SEC has made no substantial progress in its investigation into meme coin securitization, leading to improved market sentiment.
On-chain & Indicators: Santiment data shows a 30% week-over-week increase in active addresses, but net inflows to exchanges have also risen, with some profit-taking occurring; the RSI fluctuates in the 45-55 range, indicating a tug-of-war between bulls and bears.
Trading Strategy:
- Short-term (Intraday): Short high and long low within the range; if it breaks the 0.28 resistance or 0.21 support, follow the trend;
- Mid-term (Weekly): Whales accumulating + double bottom pattern, if it stabilizes above 0.3, it may challenge the previous high of 0.36;
- Long-term (Monthly): Keep a close eye on Musk's ecosystem integration and regulatory trends, a breakout above 0.48 resistance could initiate a major upward wave.
Can DOGE take off with this momentum? Key signals are worth anticipating!
