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$0.107 from $DOGE , do you dare to buy at the bottom?
Whale holdings reach an all-time high, two spot ETFs are advancing, the X payment function was paid in April — but just now, DOGE dropped 3.7% in 24 hours, RSI exited the overbought zone at 74 straight into the neutral zone, unable to rise above 0.1115. Elon Musk no longer signals, major investors have started to sell off, is this an entry opportunity, or is the market driven by scammers and whales stuck at the top?
Let’s look at the surface: institutional entry, sentiment still high
Up 13% over the past 30 days, with a market cap of $182 billion, ranked tenth, two spot ETFs (21Shares, REX-Osprey) were receiving small inflows in early May, open interest in futures is 153 billion — a return of leverage interest
First: whales and ETFs are buying with real money
DOGE whale holdings hit an all-time high, and major investors did not sell off but accumulated shares at low levels. The two spot ETFs continue operating, although inflows are small, the "legal financing channel" has been opened — similar to the Bitcoin ETF rollout years ago
Second: X payment function and SpaceX listing
Early access to the "X Money" payment feature was launched on the X platform in April, the market always considers DOGE as a potential payment currency. Everyone remembers Elon’s history — a single tweet can boost DOGE by 30-50%
SpaceX is expected to list on NASDAQ in mid-June at a high valuation. How will the market react to Elon’s private rocket company and his meme coin?
Third: a technical signal to watch out for
In the past 24 hours, DOGE dropped from 0.1115 to 0.1058, down 3.7%, trading volume 14.9 billion, clear selling pressure. RSI exited the overbought zone at 74 into the neutral zone, MACD chart is shrinking in positive value, bullish momentum is waning
The key level is 0.105 — if maintained, it’s a correction; if not, it’s a double top.
Critical zone 0.1050-0.1070, the last defense line between bulls and bears
Higher resistance: 0.1085 → 0.1115 → 0.1161 → 0.1239 (200-day EMA)
Lower support: 0.1050 → 0.1020 → 0.1000 psychological point (50/100-day EMA zones)
Short-term traders:
Wait for a correction to 0.102-0.105 then enter, stop loss at 0.099 (if broken, exit), first target at 0.1115, take 30%, second target at 0.116, take 40%
Wave investors:
Wait for today’s close above 0.1085 to enter, use dynamic stop profit, target 0.1239-0.1260. If SpaceX news appears, monitor directly 0.13-0.15
Shibe holders:
Gradually invest below 0.10, target by end of 2026 is 0.15-0.25, betting that the X payment function will actually be realized $DOGE ‌#Gate广场五月交易分享