Recently, although Elon Musk's department has "not saved money by layoffs" and instead experienced a "surge in expenses," this has caused ripples in the crypto circle. Don't think this is just political news—whenever Musk makes a move, DOGE tends to jump along. He has recently resumed donations to a certain political camp, and such policy expectation changes will short-term significantly stir market sentiment, with capital sensitivity reaching a peak.



On the technical side, the 1-hour K-line has already given signals:

**Two layers of resistance above:** 0.13070 is the key resistance today, and 0.13445 is a stronger cyclical resistance. Once these hurdles can't hold, the trend will turn downward immediately.

**Support distribution below:** 0.12687 is the true boundary between bulls and bears, and 0.12341 is the intraday support bottom. If it really drops, 0.11972 is the level that can be caught.

The MACD's yellow and white lines are slowly rising near the 0 axis, indicating bullish momentum is building, but a death cross signal has already appeared—this usually means the oscillation trend is nearing its top.

**Trading logic is clear—** tonight is likely to follow the pattern of "rise then fall." First, lure the bulls up, then turn around and dump to harvest.

How to interpret this specifically? If it stalls around 0.13070 after a push, that area is actually a trap for short positions, with the subsequent target in the 0.12687-0.12341 range. Conversely, if it breaks below 0.12687 directly, a short-term rebound opportunity appears, but the main trend still depends on whether 0.11972 is broken.

**Operational suggestions for two scenarios:**

For those with heavy positions, gradually reduce holdings during the rally, saving bullets for low-level opportunities. Traders without positions can try a light long around 0.12341, but avoid rushing to add before breaking 0.11972. The core of oscillation is to eat both ends; greed is the beginning of losses.
DOGE-1.15%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
PoolJumpervip
· 10h ago
Whenever Musk moves, DOGE jumps. This time it's again due to political donation issues. Basically, it's the retail investors overreacting to policy expectations, with their capital sensitivity being tightly wound. But looking at the technicals, the death cross has appeared, and there's a high chance of a pump followed by a dump tonight. Don't be fooled into chasing the rally.
View OriginalReply0
ImpermanentTherapistvip
· 10h ago
Whenever Musk moves, DOGE runs wild—I'm tired of this routine. I believe in a sharp rise and fall, but I'm just worried it’s another scam where the retail investors get stuck holding the bag.
View OriginalReply0
DAOdreamervip
· 10h ago
Elon Musk is really DOGE's hidden manipulator. Whenever he stirs the market, it goes crazy. Even with layoffs, the stock can still surge. That logic is brilliant. I suspect there's a calculation error. If 0.13070 can't be broken through, the bears should start loading up. A drop to test 0.12687 is likely. A death cross has appeared. This oscillation might really be the top. Don't be fooled into a long squeeze. Those with heavy positions should reduce quickly. Saving bullets is the key to victory.
View OriginalReply0
TokenomicsDetectivevip
· 10h ago
Elon Musk is causing trouble again, this time DOGE has been directly hijacked. Saying that layoffs are actually burning more money is ridiculous. The death cross has already appeared, and they still want to accumulate more bullish momentum. This is obviously a trap, just waiting to harvest the bag holders. It looks like it's going to drop, and whether 0.11972 can hold is the key. If it breaks, it's really time to run. This market trend is a game of eating both ends. Greed will only lead to disaster. I choose to stay on the sidelines. It seems like DOGE is tied to Elon Musk's emotions. Instead of being calm, it's actually abnormal.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)