Dogecoin Surge Warning: Technical Indicators and Musk's Marketing Dual-Core Drive, 5x Market Trend is Imminent!
Currently, Dogecoin is facing the ultimate test of the death line at $0.21. According to SuperTrend indicator analysis, if the price stabilizes above $0.21, it will trigger FOMO among on-chain whales, opening up a 'Resistance-Free Uptrend Channel.' Historical data shows that this indicator accurately predicted a 365% surge in DOGE in October 2024, and this time the formation is even steeper — the first target after the breakout is aimed directly at $2, with a potential increase of 5 times!
More importantly, Dogecoin's weekly level has formed a cup and handle pattern, with the theoretical target price corresponding to the depth of the cup being $1.85-$2. If combined with a breakout from a descending wedge at the 4-hour level, the price could even hit $8 (an approximate increase of 39 times from the current price).
Elon Musk has once again employed the 'Twitter Magic', recreating a classic scene from 'The Lion King' in a Studio Ghibli animation style — a Shiba Inu is lifted high instead of a lion cub. This maneuver perfectly hits two major hot topics:
Studio Ghibli has recently gained global popularity due to Hayao Miyazaki's new work, and Musk is leveraging this to implant DOGE into the minds of the younger generation; Emotional leverage: Historical data shows that each of Musk's tweets containing Shiba Inu elements averages a more than 18% increase in DOGE over 24 hours.
DOGE's open contracts have surpassed $2 billion, of which 62% are long positions, and market makers have piled up $150 million in stop-loss orders in the $0.20-$0.21 range. A breakthrough will trigger a short sell-off.
Short-term correction pressure: The 4-hour RSI has reached the overbought zone at 72, and some profit-taking might occur around $0.22; Regulatory black swan: The U.S. SEC is investigating whether Musk is manipulating the market, and if a formal investigation is initiated, it could lead to panic selling.
Aggressive traders may chase the trend after confirming a breakout at $0.21, setting a stop-loss at $0.195; conservatives are advised to wait for a pullback to the support level of $0.18 (the low point in December 2024) before gradually building a position.
Insider information indicates that a certain Asian sovereign fund is sweeping up DOGE in the OTC market, planning to use it as a 'digital gold' reserve asset.
Want to track whale movements in real-time? Comment + follow for daily on-chain anomaly alert push notifications!
