Is Dogecoin's market playing tricks again? The market has been stagnant for two days, and the RSI has already dropped into the oversold zone. Suddenly, news broke that a whale swept up 480 million DOGE within 48 hours, worth over 70 million USD! Is this a clear signal to pump the price, or is it a trap to lure you into a killing game?
Technical aspect: Are the bulls exhausted? No, they are gathering strength!
From the 4-hour chart, DOGE has been lying flat in the range of 0.145–0.152 USDT for two days. The upper resistance is unmoved, seemingly indicating that the bulls have exhausted. But upon closer inspection:
The RSI has fallen into the oversold zone, indicating that short-term selling pressure has been mostly relieved, and a rebound is imminent.
The lower edge of the box around 0.145 has been tested multiple times without breaking, indicating strong support here, and the dog traders are clearly protecting the price.
The current price is repeatedly testing near the 23-day moving average, which is a typical battleground for bulls and bears.
Iron Eagle's view: This is not a real drop; this is a typical structure of main force washing and accumulating! Breaking 0.145? I doubt it!
News: The whale is quietly accumulating, and there will definitely be major movements ahead!
On-chain data does not lie:
In the past 48 hours, addresses holding millions to billions of DOGE have quietly accumulated 480 million coins, accounting for nearly 6% of the 24-hour trading volume! What does this mean? Whales are using real money to tell you: they are optimistic about this position!
But why hasn't the price taken off immediately?
They are pressing down to accumulate, deliberately not pushing up, making retail investors feel like 'there's no hope, sell it,' and then they buy it cheaper.
Iron Eagle's market forecast: This is how it will go tonight!
Scenario One (70% probability):
Tonight, it will first dip down, falsely breaking 0.145 to create panic, shaking off the last batch of retail investors, then quickly pulling back into the box, and launching a rapid rise around midnight to test the resistance level at 0.152.
Scenario Two (30% probability):
Continue to fluctuate within the box, waiting for the market or Musk to speak, then combined with the whale's positive holdings, directly break through 0.152 with volume, starting a new round of increases.
What should retail investors do? Iron Eagle will show you the way!
Short-term players: Gradually buy in the range of 0.145–0.148, with a stop loss below 0.142, targeting 0.152, hold on if it breaks through.
Medium-term observers: Wait for a clear volume breakout at 0.152 before chasing, do not go in heavy too early.
Newbies remember: the dog traders love to pump when you are desperate and sell when you are euphoric. The market sentiment is currently cold, which is precisely the time to calmly position yourself.
Iron Eagle's conclusion:
Whales are not fools; 480 million DOGE is not for playing around.
Technical indicators are oversold + on-chain accumulation + solid box support; these three signals tell me: if it drops tonight, it's a trap!
Hold onto your chips, don't get shaken out, the next surge of DOGE is likely to happen tonight!
The truth in the crypto world is: there are no gods, only traders who can read signals. Iron Eagle does not package, does not promise, just teaches you how to make money. Follow Iron Eagle, come to Iron Eagle Town for daily point shares, and learn to combine theory with practice to truly transform. Complete the magnificent transformation from novice to expert.$DOGE
