Dogecoin Eyes Rebound Amid Bullish Market Signals
Key Takeaways
- Dogecoin (DOGE) shows signs of a trend reversal after a prolonged downtrend.
- A significant price increase of up to 24% is possible if DOGE closes above USD 0.165.
- On-chain data indicates increased accumulation and bullish market behaviour.
- Technical indicators such as RSI and the long/short ratio support the bullish outlook.
Sentiment Shift for Dogecoin
After a prolonged period of declining prices, Dogecoin is showing early signs of recovery. Recent data suggests that market sentiment is shifting in favour of buyers. Notably, DOGE worth over USD 3.27 million has been withdrawn from central exchanges in the past 24 hours. Such outflows are seen as a signal that investors are moving their coins to private wallets – an indication of long-term confidence.
Traders Betting on Rising Prices
Another important indicator is the long-to-short ratio. According to data from Coinglass, the current DOGE long/short ratio stands at 1.116. A value above 1 indicates that more traders are betting on rising prices. This behaviour is typical of a market recovering from a downtrend.
Technical Analysis: Breakout Above Trendline
From a technical perspective, DOGE has broken through a key downward trendline that had acted as resistance since January 2025. This breakout could mark a turning point. If Dogecoin manages to close above USD 0.165 on the daily chart, a rise to around USD 0.207 is conceivable – representing a potential gain of approximately 24%.
Market Indicators in Detail
DOGE is currently trading at around USD 0.1643, reflecting a 1.5% increase over the past 24 hours. At the same time, trading volume has risen by 15% – a sign of growing interest. The Relative Strength Index (RSI) is near 50, indicating that DOGE is neither overbought nor oversold. This leaves room for further upward movement. However, DOGE remains below the 200-day moving average, suggesting that the broader downtrend is still intact.
Key Price Levels to Watch
- Support: USD 0.165 – a daily close above this level would be a bullish signal.
- Resistance: USD 0.207 – potential price target in a positive scenario.
- EMA 200: Not yet surpassed – medium-term trend remains negative.
Our Assessment
Current data shows a clear shift in market participant behaviour. Both capital flows and trading activity point to a potential recovery for Dogecoin. A daily close above USD 0.165 could trigger a stronger upward movement. However, investors should keep an eye on the broader market context. Remaining below the 200-day moving average is a cautionary signal. Those investing in DOGE should closely monitor technical levels and market sentiment.
Sources
- Coinglass
- TradingView
- AMBCrypto
| Symbol | DOGE |
| Coin type | Alt Coin |
| Transaction Speed | Medium |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $0.18 |
| 24h % | 14.04 % |
| 7d % | 18.25 % |
| 30d % | 4.45 % |
| 60d % | -24.57 % |
| 1y % | 16.23 % |
| Market Cap | $27,333,737,009.00 |
| Official Links | Website | Source Code |
| Socials | Reddit | X |
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