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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 contracts.
On-chain data shows: large transfers over $100k per day have risen to 739 transactions, a six-month high; whale wallets holding over 100 million DOGE have surpassed 108.5 billion coins, setting a new record.
Meanwhile, at least five DOGE-related ETFs/ETPs are now operational worldwide, with institutional participation continuing to deepen.
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, and RSI rising from 57.46 to 71.57, with some higher timeframe indicators nearing overbought levels.
On the other hand, the net position change indicator for holders has turned significantly negative, indicating some long-term holders are accelerating profit-taking and reducing their positions.
Therefore, the market shows clear divergence between bullish and bearish signals.
Market bulls and bears are intertwined, and the short-term trend carries considerable uncertainty.
If the main force can hold above the $0.108 support and effectively break through the $0.112 resistance, the upside target could reach between $0.126 and $0.16.
If momentum wanes, the price may retest the support zone of $0.093 to $0.10.
It is recommended to closely monitor on-chain fund movements. #Gate广场五月交易分享