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$DOGE explosive breakout
vertical candle just printed.
Price launched hard to 0.11220 and is holding at 0.10545 with a +1.29% gain but that wick on the top candle is worth watching closely.
Resistance: 0.11220 (today's spike high)
Support: 0.10141 (MA5) | 0.09914 (MA10) | 0.09695 (MA20)
Price trading above all three MAs full bullish stack alignment.
DOGE was grinding sideways through early April then started coiling quietly above the MAs from April 21 onwards. Today it went parabolic a massive green candle with volume exploding to 256M+ easily the biggest volume bar on the entire chart. That's institutional-level interest or a major catalyst driving this move.
The long upper wick though tells you sellers showed up at 0.11220. Price couldn't hold the top. Whether this is a healthy pullback before continuation or a fakeout top depends on where it closes.
Key thing to watch if price holds above 0.10141 (MA5) on the next candle, bulls stay in control. A drop back below that flips the momentum.
Momentum zone. Explosive move but extended. Wait for candle close before chasing.
#DailyOrbit @OKX中文

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