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▲ Dogecoin (DOGE)/ChatGPT generated image ©
Dogecoin (DOGE) is holding its key support level, fueling expectations for a rebound. With increased whale investor activity and a simultaneous surge in Dogecoin spot ETF inflows, the market is focusing on the possibility of a short-term re-breakout to $0.1156.
According to crypto media outlet Finbold on May 25 (local time), crypto analyst Ali Martinez diagnosed that Dogecoin is showing potential for a bullish reversal from both technical and fundamental perspectives. He predicted that DOGE has been showing a rebound after reconfirming the key support level of $0.1027 recently, and could rise by at least 12% to retest the $0.1156 resistance zone within the next few days.
Martinez explained that the $0.1027 level is not just a simple price support, but a key defense line that coincides with the 50-day Simple Moving Average (SMA). He also analyzed that DOGE recently broke through $0.1027, surpassing the large sell wall formed in March-April. However, he warned that if buying pressure fails to defend this support, the price could retreat to $0.0883. The media reported that Dogecoin has formed a sideways channel in the range of $0.088 to $0.1156 since its sharp decline in February this year.
In the market, whale investor movements are being cited as a key variable that will determine future direction. In particular, the steady increase in Dogecoin spot ETF fund flows over the past few months is drawing attention. According to SoSoValue data, Dogecoin spot ETFs recorded a total net inflow of $5.36 million over the past four months. The current assets under management (AUM) for related ETFs are approximately $14.53 million.
The media assessed that if the trend of Dogecoin accumulation continues in the US ETF market, the possibility of a DOGE price increase could grow further. Conversely, if ETF investors liquidate their holdings and selling pressure expands, the price could retest the multi-month bear market low of around $0.088, the analysis stated.
Furthermore, as whale investors strongly influence retail investor sentiment in both derivative and spot markets, future large-scale wallet movements are expected to be a key factor in increasing Dogecoin's volatility.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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