🚀 Dogecoin (#DOGE) is exploding again!
In the past 24 hours, whales have swooped in to buy 1 billion DOGE, approximately 200 million dollars pumped directly into the market, pushing the price up by 11.2%, currently stabilizing around 0.24 dollars.
More importantly, Bitcoin whales are holding nearly half of the total DOGE supply, showing strong institutional confidence. Whales are hoarding coins, and selling pressure has significantly decreased, which may lead to even more volatility ahead.
Strong technical signals
The golden cross is here: the 50-day moving average has crossed above the 200-day moving average, a formation that historically often marks the beginning of a major trend, like the one at the end of 2024 that surged by 130%.
In the short term, 0.26 dollars is the primary target, with bulls eyeing 0.28 dollars; once broken, it could soar to 0.35 dollars.
Momentum indicators are also healthy: DOGE is above the 30-day moving average, and the RSI is at 57, leaving room for upward movement.
Continuously positive fundamentals
DOGE ETF hype is through the roof: institutions are optimistic, Polymarket gives a 75% approval probability, and Bloomberg analysts even raise it to 90%, citing a more favorable regulatory environment.
Once the ETF is truly approved, the price could experience rocket-like growth: whale purchases + technical breakthroughs + retail FOMO, sending DOGE "to the moon".
Traders focus on key levels
Resistance zone: 0.242~0.245 dollars, if broken, look towards 0.30 dollars.
Support level: 0.227 dollars; as long as it holds, the bullish atmosphere remains stable.
In conclusion:
Whales increasing their positions, the golden cross, and ETF expectations are three major positives working together, making this wave of DOGE highly likely to be the starting point of a new bull market. In the short term, watch for 0.26 and 0.28 dollars; if broken, there are chances for 0.35 or even higher.
I am A Yu, your analyst friend, and I only do one thing: help you make money with practical experience.
Are you stuck, confused, or unsure how to operate? Don't panic.
I let the data speak, giving you a clear direction — support levels, exit points, trend judgments, all are actionable strategies.
Follow A Yu, no guessing on rises and falls, just provide you with profitable solutions.
Intraday focus: UNI AAVE ETH
