$DOGE , the king of memecoins — about to explode?
Here are a few key insights about Dogecoin:
1⃣. The 500-day Aggregated Liquidation Level shows that during DOGE's last major drop, a large amount of liquidity was trapped at the $0.50 zone (+$380M). Historically, when shorts pile up, DOGE tends to accumulate and surge months later.
2⃣. The DOGE/BTC pair is nearing a critical support — very similar to the setup before the 2021 rally, when DOGE caught more attention than BTC itself.
3⃣. The Meme Index, made up of the 16 largest memecoins, shows early signs of recovery after a deep depression.
4⃣. The total memecoin market cap is now far larger than in 2021, but Open Interest remains low (~$3.2B), and daily volume sits at just $12B — low compared to $BTC or $ETH .
🧠 More insights (including onchain data) will be shared soon. But one thing is clear: DOGE and other memecoins could still surprise in 2025.