DOGE is currently around 0.0773u. Yesterday it was still stuck in the range box of 0.069, grinding there; today it was pulled right out in one go. In the past 24 hours it’s gained nearly 10%. It even tapped a high of 0.0779 and is now hovering right at the top.
First, my take on it: the direction really has turned bullish. But I won’t chase at this level—I'll wait for a pullback.
The most practical money is in the spot market. In the last 3 hours, there hasn’t been a break in net inflows from large orders—every one of the 12 candles is green, and 15-minute large orders are also already entering. This is different from before: during the box period, spot was moving outward; now real money is propping it up. This breakout isn’t the futures market cheering itself on—this time spot is actually doing the heavy lifting.
However, at this point, the short-term problems have shown up too. Price pushed out above the Bollinger upper band; momentum is maxed out and oversold conditions are hit. Volatility has also been pushed to extreme levels. On the futures side, the proportion of主动买盘 (active buy orders) is less than 40%. More of the trading is being dumped into sell orders. Whales are even more conflicted: accounts are adding, but their actual positions are decreasing. The fee rate is only 0.01%, which suggests it’s not leverage being the spark—it's all spot hardening and holding the line.
To put it simply: the money is genuinely coming in. But chasing at this level doesn’t offer great value. The trend is only just established, and ADX is still below 20. Above here is the extreme zone. I’d rather have a pullback that flushes and solidifies the chips before entry—it's more comfortable than hard chasing now.
Wait for the pullback. See whether it can hold around the 4-hour low area. If it holds, that’s the second leg. If it doesn’t, then it’ll go back to the upper edge of the range box and keep grinding there. The news flow is hot as well, but most of it is sentiment and speculation—don’t treat it as the logic for your core position.
#doge $DOGE
First, my take on it: the direction really has turned bullish. But I won’t chase at this level—I'll wait for a pullback.
The most practical money is in the spot market. In the last 3 hours, there hasn’t been a break in net inflows from large orders—every one of the 12 candles is green, and 15-minute large orders are also already entering. This is different from before: during the box period, spot was moving outward; now real money is propping it up. This breakout isn’t the futures market cheering itself on—this time spot is actually doing the heavy lifting.
However, at this point, the short-term problems have shown up too. Price pushed out above the Bollinger upper band; momentum is maxed out and oversold conditions are hit. Volatility has also been pushed to extreme levels. On the futures side, the proportion of主动买盘 (active buy orders) is less than 40%. More of the trading is being dumped into sell orders. Whales are even more conflicted: accounts are adding, but their actual positions are decreasing. The fee rate is only 0.01%, which suggests it’s not leverage being the spark—it's all spot hardening and holding the line.
To put it simply: the money is genuinely coming in. But chasing at this level doesn’t offer great value. The trend is only just established, and ADX is still below 20. Above here is the extreme zone. I’d rather have a pullback that flushes and solidifies the chips before entry—it's more comfortable than hard chasing now.
Wait for the pullback. See whether it can hold around the 4-hour low area. If it holds, that’s the second leg. If it doesn’t, then it’ll go back to the upper edge of the range box and keep grinding there. The news flow is hot as well, but most of it is sentiment and speculation—don’t treat it as the logic for your core position.
#doge $DOGE