DOGE has recovered from the support level of $0.14, showcasing a clear bullish strength.
Strong buying momentum in the spot market, the amount of DOGE withdrawn from exchanges, and the increase in futures contract interest all indicate the potential for a breakout to $0.25 if the resistance area is breached.
MAIN CONTENT
Buying volume in the spot market has maintained positive pressure over the past 90 days.
Capital flow withdrawing DOGE continuously from exchanges signals a long-term accumulation phase.
Derivatives data shows a strong increase in Open Interest and Funding Rate, supporting the bullish trend.
How did DOGE recover after stopping at the support level of $0.14?
DOGE has risen again after forming a round bottom with a cup-and-handle pattern, according to strong technical signals confirmed by the CEO of CryptoQuant for 2025.
The price currently fluctuates around a parallel channel at $0.182; if it breaks through $0.198, DOGE could aim for $0.25 in the coming weeks. Holding above the support level of $0.16 will further strengthen the uptrend.
DOGE is showing strength from a multi-bottom and cup-and-handle technical pattern, which is a very positive sign for a sustainable upcoming uptrend.
John Kim, CEO of CryptoQuant, July 2025
How are buyers in the spot market creating a solid foundation for DOGE's upward momentum?
Analysis of the past 90 days shows that buying volume (CVD) has consistently leaned towards aggressive buyers (taker buys), indicating a strong market confidence even during correction phases.
On-chain analysis experts from CryptoQuant assess this as an early sign of continued bullish momentum and that the dominance of buyers is the key factor maintaining this trend.
Why is DOGE's capital flow continuously withdrawing from exchanges?
Netflow data from July 10th recorded over $8.5 million in DOGE withdrawn from exchanges, reflecting a trend of accumulation and a preference for self-custody among investors.
A decrease in the amount of DOGE available for sale on exchanges helps reduce short-term selling pressure, creating conditions for price stabilization and recovery. However, if this capital flow reverses, prices will face downward pressure.
Withdrawing DOGE from exchanges is a sign that investors prioritize long-term holding and reduce the risk of rapid sell-offs, contributing to the limited supply in the market.
Linda Tran, Cryptocurrency Market Analyst, July 2025
How can derivatives data warn about DOGE's next move?
Open Interest on DOGE futures contracts has surged by 15.09%, reaching $2.44 billion. Meanwhile, the Funding Rate remains positive (+0.0093%), indicating that Long positions are paying for Short positions, demonstrating the optimism of professional investors.
This growth signals large capital inflows into the derivatives market, supporting the potential continuation of the uptrend. However, risks arise when excessive leverage is used without support from the spot market, potentially causing significant liquidations.
Will DOGE maintain its bullish momentum or will it correct?
A combination of technical factors and on-chain data suggests DOGE still has potential for further increases if it surpasses the resistance level of $0.198. This price level is seen as a 'wall' that will determine the next movement with a target of $0.25.
Conversely, failure at this level could cause DOGE to correct or trade sideways. Overall market stability and trading volume will be key factors in the upcoming sessions.
Frequently Asked Questions
How much can DOGE increase in the near future?
Based on technical patterns and on-chain data, DOGE has the potential to test the $0.25 threshold if it surpasses the resistance of $0.198.How do buyers in the spot market affect DOGE's price?
Continuous strong buying pressure increases the chances of a breakout and maintains the bullish momentum for DOGE.What does withdrawing DOGE from exchanges signify?
This reflects a trend of long-term accumulation, reducing the amount of coin that can be sold quickly on exchanges, supporting supply scarcity.Does derivatives data indicate any risks?
Increased leverage can lead to liquidations if the spot market does not support it, so investors need to be cautious.What are the important support and resistance levels for DOGE?
Key support around $0.16, crucial resistance at $0.198, determining the trend of increase or correction.
Source: https://tintucbitcoin.com/dogecoin-tao-mau-cup-and-handle/
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