Dogecoin skyrocketed 17%! ETF is coming, 5.8 billion chips quietly fleeing, the battle for $0.3 has begun!

While Bitcoin players are still watching and hesitating, Dogecoin (#DOGE ) has already burst through the siege📈! With the explosive good news of "ETF about to be approved", DOGE skyrocketed 17% in the past week, currently approaching $0.282💥. Only a step away from breaking the resistance at $0.287 and rushing back to the target of $0.3.

But don't be fooled by the surface commotion👀—behind this FOMO frenzy, a silent "sell-off dark war" is quietly unfolding, the scene is so magical it leaves one dumbfounded!

💣 5.8 billion DOGE quietly flows to the exchange

The surge in Dogecoin is not due to widespread optimism. On-chain data shows that since September, approximately 5.81 billion DOGE (valued at over $1.63 billion) has flooded into the exchange 💸.

Many investors are locking in profits while the ETF expectations and prices rise, shouting bullish while quietly selling! Although this wave of selling has not interrupted the upward momentum, it continues to apply pressure, and the market could "hit the brakes" at any time ⚠️.

Long-term holders have supported the upward defense line of DOGE, but now they are acting frequently, like planting a "time bomb" in the market 💣. The ETF is full of positive news and emotions are running high, but why is everyone secretly placing sell orders? The answer is simple—profits are substantial, and they fear a reversal 📉. If you're also in the game, remember to fasten your seatbelt ✋!

🛡 $0.273 is the critical line

At this moment, DOGE is standing at a "critical juncture" ⚔️! Current price is $0.282, with $0.287 above as resistance and $0.273 below as support. These two lines directly determine the short-term trend.

If the inflow of funds into the exchange continues to increase while the profit-taking pressure gradually intensifies, once it falls below $0.273, the consequences could be dire—prices may plummet to $0.241 😱. This round of 17% surging may reverse, and investors who bought at high prices may end up crying in front of their screens 😭.

🌟 ETF is coming, will Dogecoin challenge $0.3?

The good news is that the ETF may become a turning point for DOGE. Bloomberg ETF analyst Eric Balchunas pointed out that if the Dogecoin ETF is successfully issued tonight, the bearish sentiment in the market might vanish, and the price is expected to break through the $0.287 resistance, charging towards $0.3 or even higher 🚀. The launch of the ETF may alleviate selling pressure, allowing DOGE to start a new round of "wealth creation myth," and the crypto world is holding its breath. This battle for $0.3 is indeed thrilling 🔥.

💡 Summary & Tips from FanFan

The short-term trend of DOGE is full of opportunities but also hidden risks. Although the upward momentum is strong, the unseen battle of selling cannot be ignored. If you are planning with DOGE, the key is to focus on the range of $0.273-$0.287 and patiently catch the breakthrough rhythm 📊. FanFan reminds everyone that investment carries risks, and when hitting high points, be sure to control your position, don’t let FOMO lead you astray 😉.

What do you think of this round of DOGE frenzy? Can it continue to rise after the ETF launch? Come share your thoughts and strategies with FanFan in the comments below 👇, let's capture the next wave of growth together! #美联储重启降息步伐