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$DOGE
Bitcoin's sustained position above 80,000 is creating leverage for DOGE. Interest rate expectations and regulatory headlines remain the main drivers.
• Institutional movement: Grayscale, 21Shares, and Bitwise DOGE ETFs saw a total net inflow of $460,000 in the week of May 1st, the first reversal after two weeks of outflows. Also, the House of Doge is discussing plans for B2B payment solutions and reward cards for 150 million businesses by 2026, which is on the agenda as news.
• Technical pivots: Support 0.109, intermediate support 0.1075-0.1085. Resistance 0.1135-0.115, above which 0.119 and 0.12 are being watched as weekly targets.
In the short term, it's technically bullish, but I won't blindly chase it while the RSI is at 78. My plan is simple: trade momentum as long as it stays above 0.109, take profits if it falls below. Increased volume and continued whale inflows are essential for the uptrend to continue.
⚠️This is absolutely not investment advice; please do your own research.
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