Bullish technical outlook: $DOGE quoted at 0.1089 USD (+1.76%), above the exponential moving average, MACD showing a bullish trend, RSI-6 at 61.7, indicating strong momentum
Whale position shift: The number of DOGE held by short whales increased to 1.008 billion; if it breaks the resistance level of 0.1200 USD, there is a risk of high leverage squeeze nearby
Contrarian sentiment: Extreme fear (F&G 14) stands in stark contrast to the strong technical outlook, suggesting that lows are being accumulated amid panic sentiment
Active promotion activities: Binance issued 12 million WLFI vouchers to boost DOGE trading volume while enhancing user participation
Technical outlook
Price movement: $DOGE quoted at 0.1089 USD (up 1.76% in 24 hours), testing the resistance level of 0.1103 USD (Bollinger band upper limit), with support at 0.1037 USD (Bollinger band lower limit)
Technical signals: MACD shows a bullish trend (0.000175 > signal line), RSI-6 has risen to 61.7 and continues to move upward, price approaching the Bollinger band upper limit, indicating short-term strength
Volume and capital flow: Large buy orders totaled 20.39 million USD, while market sell orders totaled 25.63 million USD, with a net outflow of 3.97 million USD; despite the overall bullish structure, profit-taking pressure cannot be ignored
Whale positions and squeeze risk
Short whale positioning: Short whale positions increased from 963 million DOGE to 1.008 billion DOGE within 9 hours, currently just below the liquidation price of 0.1200 USD
Long whale replenishment: The number of losing long whales surged from 25 to 188, indicating that trapped positions are gradually being replenished
Squeeze trigger point: If $DOGE breaks the resistance level of 0.1205 USD, it may trigger a chain of short liquidations; 0.1190 USD is a key support level for longs
Trading strategy and market outlook
Short term: Focus on the resistance level of 0.1103 USD; if effectively broken, it may aim for 0.112 USD, but the short defense line at 0.1200 USD will exert pressure in the short term
Medium term: If a squeeze occurs above 0.1205 USD, longs will gain an advantage; confirmation is needed through volume and whether the price can hold above 0.1190 USD
Long term: Amid extreme fear sentiment lies a good opportunity for contrarian positioning; the accumulation range of 0.1037–0.1070 USD, if the macro environment improves, is expected to become solid support for a bullish reversal
#DOGE