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


Current trend: After holding the $0.088 support in April, DOGE has continued to rebound, reaching a high of $0.117 at one point, then pulled back to around $0.105 due to market leverage liquidations. Santiment data shows a daily record of 739 whale transactions worth over $100k, a six-month high, with the 149 largest wallets holding at least 100 million DOGE increasing their total holdings to a record high.
Future expectations: Futures open interest has risen to nearly 15.3 billion DOGE, a one-year high, with three DOGE ETFs experiencing two consecutive days of net capital inflows. Both institutions and retail investors are unusually bullish—top traders 71.9% long, retail 68.3% 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 would invalidate the bullish logic.
Support levels: $0.105 (short-term support); $0.10 (EMA200 / key level); $0.088 (multiple validations of strong support since April)
Resistance levels: $0.117 – $0.12 (78.6% Fibonacci retracement / key resistance); $0.13 (breakout target)
DOGE0.95%
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