CZ’s DOG Shows Bullish Signs, Trader Makes $1M on Price Spike

CZ’s DOG/USDT is showing early signs of a bullish reversal after months of sideways trading in a strong support zone.

This comes after a trader seized a rare opportunity on BROCCOLI, a low-liquidity token, turning a brief artificial price spike into $1 million in profits. The incident involved BROCCOLI (714), a low-liquidity token that was briefly manipulated after a hacker gained access to a Binance market maker account.

According to on-chain data shared by Lookonchain, the attacker used the hacked account to buy large amounts of BROCCOLI on the spot market.

At the same time, the hacker opened leveraged futures positions from other accounts, likely hoping the rising spot price would boost profits in derivatives.

However, the plan backfired. While the spot market showed huge buy orders worth millions of USDT, the futures market remained weak. This unusual setup caught the attention of trader Vida, who was already watching BROCCOLI.

Trader Nets $1M by Capitalizing on BROCCOLI’s Artificial Price Spike

The token price jumped 30% in 30 minutes, but futures prices did not follow. Vida realized the pump looked artificial and suspected either a hacked account or a system error. He went long to ride the price spike while closely watching Binance’s order book.

When the large buy orders suddenly disappeared—likely due to Binance’s risk controls—Vida quickly closed his long position and switched to a short trade. As the price dropped sharply, he opened a futures position and locked in profits. These well-timed trades earned him around $1 million.

The hacker likely chose BROCCOLI because it has low liquidity, making it easy to manipulate prices. The token has faced similar issues before, including a past pump-and-dump incident. Binance founder Changpeng Zhao had previously promised compensation to affected users.

CZ S DOG Indicates Potential Bullish Reversal from Strong Support Zone

The CZ S DOG/USDT chart shows the price mostly moving sideways for several months, staying in a “consolidation support zone” around $0.018–$0.022. This area acted as a strong base where buyers stepped in repeatedly, preventing the price from falling further.

Recently, the chart shows a “sharp bullish reversal,” meaning the price has started to move up quickly from the support zone. If this momentum continues, the next target could be the previous resistance around $0.08.

The prior “Break of Structure (BOS)” shows that the price has broken past resistance before, which adds confidence that it could move higher again.

The RSI is now at 73.87, which is overbought. This confirms strong buying but also suggests a possible short-term pullback if the price rises too fast.

In short, CZ S DOG/USDT is showing early signs of an upward trend, but traders should watch for small corrections along the way.