Two institutions have submitted applications for the (ETF) exchange-traded fund one after the other, as if they are determined to push this meme coin into the list of major assets. Technically, a positive crossover signal for the (EMA) has appeared, and the price has risen by 2.71% in the short term, which looks impressive. The on-chain data is even more astonishing - whale addresses have accumulated 24.7 billion DOGE units, and the concentration level of these tokens has reached an unreasonable level. But if you look closely, you will discover the problem: The trading volume on the first day of GDOG ETF listing was only $1.4 million, which is not enough to make any impact, and it is not an exaggeration to say that "the spotlight is bigger than the actual demand." At the same time, on-chain monitoring shows that 11 million USDT have quietly exited, indicating that large investors are buying and then selling. What is more concerning is the resistance level at $0.16, where three previous attempts to break through have failed, and if they cannot break through this time, it may be possible to return to $0.1. The current DOGE is like performing acrobatics on a tightrope – the community calls out daily, "the next coin that will reach a hundred times," but risks and opportunities are always twins. After all, in the crypto market, there is sometimes only a thread's distance between extreme wealth and collapse. How do you plan to play this round?
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#JoinGrowthPointsDrawToWiniPhone17 The recent trend of Dogecoin cannot really reverse.
Two institutions have submitted applications for the (ETF) exchange-traded fund one after the other, as if they are determined to push this meme coin into the list of major assets. Technically, a positive crossover signal for the (EMA) has appeared, and the price has risen by 2.71% in the short term, which looks impressive. The on-chain data is even more astonishing - whale addresses have accumulated 24.7 billion DOGE units, and the concentration level of these tokens has reached an unreasonable level.
But if you look closely, you will discover the problem:
The trading volume on the first day of GDOG ETF listing was only $1.4 million, which is not enough to make any impact, and it is not an exaggeration to say that "the spotlight is bigger than the actual demand." At the same time, on-chain monitoring shows that 11 million USDT have quietly exited, indicating that large investors are buying and then selling. What is more concerning is the resistance level at $0.16, where three previous attempts to break through have failed, and if they cannot break through this time, it may be possible to return to $0.1.
The current DOGE is like performing acrobatics on a tightrope – the community calls out daily, "the next coin that will reach a hundred times," but risks and opportunities are always twins. After all, in the crypto market, there is sometimes only a thread's distance between extreme wealth and collapse.
How do you plan to play this round?