After several weeks of consolidation and bearish trends, Dogecoin (DOGE) shows some potential signs of trend reversal. Recently, as a leading memecoin, Dogecoin has returned to a crucial demand zone that previously propelled it to break out of a flag consolidation pattern during the major bull market.

Bullish pressure drives the price up 🚀

Under bullish pressure in the order block, the price of Dogecoin suddenly surged by about 34% during the previous bearish trend. Since retesting on the weekly chart, Dogecoin's price has been steadily rising. This rebound not only restored holders' confidence but also attracted more momentum-driven market interest.

This sharp recovery is often seen as a validation of bullish demand, indicating that the overall market sentiment is shifting.

Bulls are dominant, and the market is becoming bullish 🔥

Supporting the price increase is the weighted funding rate of DOGE, which has recently shown an interesting upward trend. Over the past three days, the funding rate has continuously risen, indicating that more market participants are willing to pay a premium to maintain their long positions, anticipating further increases.

The rise in funding rates typically reflects positive sentiment in the futures market and a shift in market sentiment—from previously cautious optimism to now confident accumulation. In most cases, rising funding rates combined with price increases indicate that bulls are in control while bears gradually exit the market amid volatility.

Next step: Where is Dogecoin's future? 🤔

Despite a very strong start for Dogecoin, the key question for investors is whether the bulls can maintain control. If trading volume decreases or funding rates retreat, it may indicate weakening bullish interest. However, if Dogecoin can continue to hold above the demand zone and rise steadily, the signals for a trend reversal will become clearer.

Overall, Dogecoin is currently at a critical turning point, and the coming days will determine whether this rebound can turn into a sustainable trend or just a fleeting bounce. 🚀