DOGE rebounded 9% to above $0.14, new ETF inflows nearly 2 million, technical indicators suggest a target of $0.80?

Question

[Coin World] The recent trend of DOGE has been quite exciting - first, it experienced a big dump of 22%, followed by a pump of 9%, and now it is stabilizing around $0.1493.

There is something interesting behind this rebound: Grayscale's GDOG and Bitwise's GWOW, these two new ETF products, have collectively attracted nearly $2 million in net inflows. Is the money bottom-fishing?

From a technical perspective, the key support is at $0.08 below, while the resistance is at $0.20 above. Some analysts are focusing on a signal: if DOGE can break through the current downtrend line, combined with the narrowing of the Bollinger Bands and a clear accumulation in the market, it may directly surge to $0.80.

Of course, this is just a technical extrapolation. Whether it can come out still depends on whether the subsequent funds and market sentiment can keep up.

OnchainUndercover · Accepted Answer

$0.80? Wake up everyone, let&#39;s first focus on overcoming the hurdle of $0.20.

EthSandwichHero · Answer

$0.80? Are you dreaming? It&#39;s hard to even break $0.20 now, don&#39;t be fooled by analysts.

SleepTrader · Answer

0.80? Dream on, let’s see if we can hold above 0.20 first.

GasGasGasBro · Answer

0.80 USD? Brother, you&#39;re thinking too much, let&#39;s break 0.20 first.

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Want to rush to 0.80 with a net inflow of 2 million? Come on, this amount of funds speaks for itself.

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It&#39;s all about technical analysis and Bollinger Bands, but in the end, it&#39;s still about the capital&#39;s face, don&#39;t make it so complicated.

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Most of the people buying the dip are dumb buyers, I just laugh watching.

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From a 22% fall back to a 9% rise, is this worth bragging about? Just a self-comfort for the shareholders.

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ETF inflow doesn&#39;t mean institutions are optimistic, it might just be a hedging tool.

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Can 0.08 USD really hold? If it breaks, another round of fall is the norm.

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DOGE is just an emotional market right now, technical analysis is redundant.

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Let&#39;s wait until it truly holds above 0.20, it&#39;s too early to talk about target prices now.

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I&#39;ve seen this kind of rebound too many times, 90% chance it&#39;s just a bull trap.

GasFeeBarbecue · Answer

The operation of DOGE from 0 to 1 is really amazing, with 2 million flowing in, yet it only pumped this much? I feel like it will fall further.

SchroedingerMiner · Answer

0.80 dollars? Dream on, let&#39;s stabilize at 0.20 first.

AlwaysAnon · Answer

0.80? Are you dreaming or is there really a chance? This rebound feels like capital has entered the market.

MintMaster · Answer

$0.80? Don&#39;t think about it yet, $0.20 is already tough enough, let&#39;s see how long the funding can buy the dip this time.