As of May 3, 2026, DOGE is trading in the range of $0.108 to $0.11, with a weekly increase of over 10% and a monthly rise of 15.6%, the best in eight months.

This round of rally is driven by significant whale accumulation and a sharp increase in open interest. On-chain data shows: large transfers over $100k per day have risen to 739 transactions, reaching a six-month high; whale wallets holding over 100 million DOGE have surpassed 108.5 billion DOGE, setting a new record. Meanwhile, at least five DOGE-related ETFs/ETPs are now operational globally, indicating increasing institutional participation.

However, the current price is approaching a key resistance zone. DOGE faces strong technical selling pressure near $0.112, with the daily TD Sequential indicator signaling a "9" sell signal, RSI rising to the 57.46 to 71.57 range, and some higher timeframe indicators nearing overbought levels. On the other hand, the net position change indicator for holders has turned significantly negative, suggesting some long-term holders are accelerating profit-taking and reducing their positions. As a result, bullish and bearish signals in the market are showing clear divergence.

With mixed market signals, the short-term trend remains highly uncertain. If the main force can hold above the $0.108 support and effectively break through the $0.112 resistance, the upside target could extend to the $0.126 to $0.16 range; if momentum wanes, the price may retest the $0.093 to $0.10 support zone. It is recommended to closely monitor on-chain fund movements. #Gate广场五月交易分享