#Gate广场五月交易分享 DOGE (Dogecoin) Technical Analysis:

Current trend: DOGE maintained support at $0.088 in April and continued to rebound, reaching a target of $0.117 at one point, then fell back to around $0.105 due to market leverage liquidations. Santiment data shows 739 whale transactions worth over $100k each in a single day, a six-month high, with the top 149 wallets holding at least 100 million DOGE increasing their total holdings to a record high.
Future expectations: Futures open interest rose to nearly 15.3 billion DOGE, a one-year high, with 3 DOGE ETFs experiencing net capital inflows for two consecutive days. Institutions and retail investors are rarely both bullish — 71.9% of top traders are long, and 68.3% of retail traders are long. Under this consensus bullish scenario, there's approximately a 65% chance of breaking the $0.12 resistance, targeting $0.13. Falling below $0.10 invalidates the bullish logic.
Support levels: $0.105 (short-term support); $0.10 (EMA200 / key level); $0.088 (multiple tests of strong support since April)
Resistance levels: $0.117 – $0.12 (78.6% Fibonacci retracement / key resistance); $0.13 (breakout target)