DOGE short comment: Danger signals are on, 0.20 is the line between life and death!

DOGE short commentary: Danger signals have been lit, 0.20 is the line of life and death!
When Musk turned away from the DOGE department, the technical indicators for DOGE also raised divergence alarms—under the double blow of news and technology, the retail frenzy may become the dinner of the whales.
News: The policy halo is fading, risks are rising.
Impact of Musk's Exit: On May 29, Musk officially stepped down from his position in the Trump administration's "DOGE Efficiency Department," bringing his $100 billion fiscal reform to an abrupt halt. The market frenzy triggered by the establishment of this department (with holdings skyrocketing to $1.3 billion) is rapidly receding.
The Trump variable is still at play: if Trump wins, DOGE may experience short-term speculation due to policy associations, but the recent public falling out between Musk and Trump over the 3.8 trillion dollar bill has significantly increased uncertainty in their cooperation.
Fundamental flaws: DOGE has an annual inflation increase of 5 billion coins and lacks technological upgrades, resulting in weak long-term value support.
Technical analysis: Top divergence confirmed, downtrend channel opened.
Top Divergence + Death Cross Double Kill:
The previous high price was 0.25970, but the MACD (DIF:-0.00474, DEA:-0.00281) is in a bearish crossover below the waterline and the green bars are expanding, forming a typical top divergence, indicating that the upward momentum is weakening.
→ The Bollinger Bands indicate that the price quickly fell back after touching the upper band. If the middle band (currently around 0.230) is lost, it will accelerate the downward probe.
Key support level:
0.230 → 0.220 → 0.210 (previous platform), the ultimate defense line is at the psychological level of 0.200 and the annual low of 0.164261. The current price of 0.20452 is approaching the critical line!
Operation summary: Risk aversion is paramount, wait for the whales to take action.
Short term: The divergence repair needs to break through 0.230 with increased volume and stabilize; otherwise, any rebound is an opportunity to escape.
Medium term: If 0.200 effectively breaks down, it may trigger a panic sell-off, targeting the 0.180-0.190 area; conversely, if it holds steady, a light position can be taken to bet on a rebound.
Beware of manipulation: The top 10 addresses control 41.35%, and sudden pumps and dumps are often used to harvest retail investors.
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