When the K-line breaks through the cage, the dog leash can turn into a rocket! But beware of the lurking whales in the shadows...🐳
Brothers, Dogecoin (DOGE) is really making a comeback this time! The key resistance level broke with a 'click', and the price is climbing, the market is as hot as a hot pot 🔥, and that 'mascot of the crypto world' seems ready to get active again!
BUT! Just as it's taking off, it encounters a 'famous scene' 👇: a mysterious big whale suddenly stuffed 155 million DOGE (worth 30 million USD!) into Robinhood! 😱
Old investors understand:
When whales move coins to exchanges, it's mostly to sell!
Especially when it just started to rise, how can the market not shudder? Many short-term players are anxious:
Don't panic! I've been watching the data and found that the bulls are quite strong:
There are plenty of buy orders stacked below the key price range ($0.187 - $0.198)! If the price continues to surge, it may force the shorts to liquidate, leading to a 'rocket propulsion' 🚀!
On Binance and Bybit, there’s obviously more leveraged funds betting on a rise! The 'smart money' is still betting on the increase!
What’s even more interesting is that the exchanges have actually seen a net outflow of 6.32 million dollars in DOGE over the past day! What does this mean? Someone is secretly accumulating! It's not a panic sell-off!
The technicals also look good:
Successfully broke through the downtrend line + stabilized above the key level of $0.1985!
Now at $0.202, it surged 6.5% in 24 hours, and trading volume increased by 65%! The buying pressure is quite fierce!
Don't let a single whale scare you! If DOGE can firmly stay above $0.20, the next target will be $0.25! What does this mean? There's nearly 25% of potential upside!
Operation reminder:
Opportunities are there, but don't go all in! Don't chase the highs!
Wait for a pullback to confirm stability, or act when there’s a more solid breakout!
Keep a close eye on whale movements, these big players can turn on a dime!
The Dog Year market is changing rapidly! Want to see through whale tricks and catch the take-off signals in real-time? Follow Big D for professional analysis on trends, easily guiding you toward a small target of $DOGE #doge⚡