💥$13M loss turned break-even? DOGE is staging a reversal🐶
From last week's market action, the meme coin sector has clearly warmed up, with DOGE finally "bursting out" after two months of ranging, surging over 10% and briefly touching $0.11, nearing the February high.
On the technical side, #DOGE broke through a roughly 72-day triangle consolidation, stabilizing multiple times around $0.087, with funds predominantly accumulating below $0.10. This wave feels more like a structural reversal signal 📈
Even more dramatically, a whale with a 10x long position once faced a paper loss of around $13 million, but as the market rallied, the loss has significantly shrunk to about $90,000, with pressure clearly easing.
At the same time, DOGE ETF recorded its first net inflow of about $460,000 in nearly two weeks, with capital starting to flow back in 🔥. #币安推出黄金vsBTC未来资产对决活动
If this wave holds, the next target is $0.13, but there's considerable resistance around $0.12, so we might see a pullback to $0.10 before gaining strength.
In short: #MEME coins might really be heating up again👀
From last week's market action, the meme coin sector has clearly warmed up, with DOGE finally "bursting out" after two months of ranging, surging over 10% and briefly touching $0.11, nearing the February high.
On the technical side, #DOGE broke through a roughly 72-day triangle consolidation, stabilizing multiple times around $0.087, with funds predominantly accumulating below $0.10. This wave feels more like a structural reversal signal 📈
Even more dramatically, a whale with a 10x long position once faced a paper loss of around $13 million, but as the market rallied, the loss has significantly shrunk to about $90,000, with pressure clearly easing.
At the same time, DOGE ETF recorded its first net inflow of about $460,000 in nearly two weeks, with capital starting to flow back in 🔥. #币安推出黄金vsBTC未来资产对决活动
If this wave holds, the next target is $0.13, but there's considerable resistance around $0.12, so we might see a pullback to $0.10 before gaining strength.
In short: #MEME coins might really be heating up again👀