0.112 USD DOGE, do you want to buy?

Whales swept up 160 million coins in 96 hours, ETF has had net inflows for 5 consecutive days, and it has recovered a key moving average for the first time in 7 months— but just now, RSI soared above 77, and the TD Sequential issued a sell signal. Elon Musk didn't call for buying, but institutions quietly entered the market.

First, look at the surface: bullish momentum is strong, but risks are hidden.

In the past 7 days, it has risen 11%, in 30 days, 16%, with a market cap of 17.6 billion, firmly in the top ten, and 1.4 billion in 24-hour trading volume. The candlestick chart shows: the double bottom pattern target has been reached, and the 100-week SMA and 200-week SMA have formed a golden cross— this is the first time in 7 months, a classic bullish signal.

First thing: whales and institutions are really buying with real money.

In the past 96 hours, major players bought 160 million DOGE, about 18 million USD. The 149 largest wallets hold a record 108.5B coins, worth 12.3 billion USD. The 21Shares DOGE spot ETF has recorded continuous net inflows, exceeding 620k this month, and the fund size has increased by 54% since March.

Second thing: fundamentals are quietly strengthening.

DOGE used to be purely meme— no code updates, no ecosystem, just a “community stickiness” bottom line. But now it’s different: projects like DogeOS are trying to turn it into a “cryptocurrency beginner payment tool,” and on-chain activity hit a 3-month high.

Third thing: a dangerous technical signal has appeared.

The daily RSI has soared above 77— 70 is the overbought line, 77 is a risky zone for chasing high. The TD Sequential also shows a sell signal, MACD bars are narrowing, and upward momentum is clearly weakening. Those chasing the high are starting to lose strength.

On one side:

- Whales buying, ETF inflows continuing, institutions increasing positions

- 100-week SMA and 200-week SMA forming a golden cross (first time in 7 months)

- On-chain activity hitting a 3-month high

- $0.10 changing from resistance to support

On the other side:

- RSI soaring above 77, serious overbought

- TD Sequential issuing a sell signal

- Elon Musk not personally calling for buying, lacking explosive catalysts

- If it falls below $0.10, it may retest $0.07–0.09

Key level at $0.112, bulls and bears are fiercely battling.

Resistance levels: $0.1145 (tested multiple times intraday) → $0.117–0.12 → $0.13–0.15

Support levels: $0.105–0.108 → $0.10 (psychological level) → $0.09

Short-term traders:

Wait for a retest of $0.105–0.108 before entering, set stop-loss at $0.098 (exit if broken), first target $0.117, second target $0.12–0.13.

Swing traders:

Wait for the daily close above $0.1145 before entering, use dynamic take-profit to hold, target $0.15–0.20. If it breaks below $0.10, exit immediately, no holding through dips.

Loyal Shibe believers:

It’s okay to build positions gradually now, but remember— don’t exceed 15% of your total position. DOGE is a mix of “playing around + faith,” so if you make profits, remember DO Only Good Every Day; if you lose, don’t blame others.

DOGE now is just like early 2021—

99% of people thought “meme coins are worthless,” but when Musk called for buying, it shot from $0.05 to $0.70.

But this time, the difference is: institutions entered before Musk. #Gate广场五月交易分享 #美国4月CPI上涨3.8% $DOGE $BTC $ETH