The market finally understands: When institutions start playing memes, meme coins can also turn to gold; those who opened trading software today must have been shocked, DOGE shot up like a pillar, soaring 14% in 24 hours, peaking at $0.25! In just one week, it surged by 27%, with market capitalization soaring back to $30 billion, reclaiming a top 8 position in cryptocurrency.
As an old dog who has been rolling in the crypto circle for 5 years, I smell that this wave of market is not just retail speculation, but the result of the concentrated explosion of three major nuclear bomb-level positive factors!
Nuclear Bomb One: Public companies frantically bought $500 million worth of shares!
Yesterday, Nasdaq-listed company Bit Origin suddenly announced the launch of a $500 million DOGE reserve plan, directly targeting MicroStrategy's Bitcoin hoarding strategy. Even more intense, another listed company, Thumzup Media, quickly followed suit, approving a $250 million crypto treasury allocation for DOGE!
What does this mean?
Institutions have finally shed their biases against meme coins, starting to enter the market with real money to buy! DOGE has officially upgraded from a joke coin to an asset on corporate balance sheets; this identity leap is even more magical than a street dog turning into a Shiba Inu!
Nuclear Bomb Two: Technical indicators signal a once-in-a-decade bullish signal
Crypto analyst Captain Faibik urgently tweeted at midnight: DOGE is breaking out of a six-month descending wedge, once confirmed, the target is aimed at $0.63.
Key indicators collectively light up in green:
MACD golden cross accelerates: Bullish momentum continues to amplify
Whales are crazily accumulating: In the past 72 hours, giant whale wallets increased their holdings by 2.3 billion DOGE; these addresses often sense the market trends in advance
Futures open interest surges by 67%: Large funds bet on continued skyrocketing in the future
Old Zhao's opinion: This pattern is strikingly similar to the epic surge of 600% that began in October 2021; history may not repeat itself, but it often rhymes!
Nuclear Bomb Three: Whales join forces to topple the shorts
On-chain data reveals the truth: In the past 48 hours, a mysterious giant whale has swept up 1.2 billion DOGE, with single transactions often exceeding ten million dollars! Even more astonishing is the coordination with the futures market's short squeeze, when everyone thought $0.25 was a solid ceiling, the whale launched a rocket to explode leveraged shorts, creating FOMO emotions to push higher.
Risk warning: Must-watch for those chasing highs!
Don't get too carried away, several warning signals must be reminded:
1. RSI soared to 81, seriously overbought, short-term pullback pressure is immense
2. $0.26 is a strong resistance level; failure to break may retest the $0.22 support
3. The stock-buying activities of US companies raise suspicions of stock price manipulation; be cautious of good news leading to sell-offs
Old Zhao's practical strategy
Short-term players: Take profits in batches above $0.25, buy back on a dip at $0.22
Long-term coin hoarders: Increase positions if it falls below the 7-day moving average, target $0.45
Watchful observers: Use 5% position to bet on breaking $0.26, confirm stability before heavily investing
Remember: The essence of institutions playing meme coins is monetizing traffic; if Tesla announces it will accept DOGE payments next time, the market will go completely crazy! Hold your chips steady; in this bull market, DOGE is very likely to outperform BTC!
Lastly, here's a heart-wrenching statement:
When the neighbor asks how you buy DOGE, remember to reduce your holdings; when corporate earnings reports start bragging about Dogecoin reserve profits, run! But for now—let the bullets fly a little longer!
If you don't know what an effective breakout is, you can come to Old Zhao, who will guide you step by step. Are you stuck? When to bottom-fish? Confused and helpless and don't know what to do, click the avatar and comment. I need fans, and you need references.#山寨币突破 $DOGE
