#Dogecoin ($DOGE ) is breaking out of its long-standing downtrend and returning to the focus of the markets.
The double bottom formation seen in technical analysis and the sharp movement in on-chain metrics suggest that #DOGE may be preparing for a major rally. In particular, breaking the $0.25-0.26 range could signal a breakout of the resistance level, which has been tested but failed to break, and could push the price directly to $0.48 or even much further.
๐ Technical Indicators Point to a Strong Uptrend
DOGE has formed a classic double bottom formation on the daily chart. This is considered a reliable bullish signal in technical analysis. Renowned analyst Sad Creator emphasizes that this formation has completed, and Dogecoin has already risen by nearly 18% on a weekly basis.
A breakout of the long-term downward trend line and the price breaking out of the upward channel could be evidence of a significant market transformation.
๐ $0.25โ0.26 Band: Starting Point of the Rally
This area stands out as a critical resistance level, both technically and psychologically. If the price breaks above this level and holds, the $0.48 level could be tested quickly. This breakout could create a sudden shift in investor sentiment and accelerate the rally.
๐ On-Chain Data: A Boom in the Spot and Futures Markets
Dogecoin's bullish scenario isn't limited to technical analysis. On-chain data also supports this momentum:
Open interest in futures increased by 67%
Significant increase in spot volume
Indicators such as cumulative volume delta (CVD) indicate that genuine buyer interest is increasing and that the price increase is not speculative but rather a structural transformation.
This data reveals increasing institutional or high-volume buying pressure and a restoration of investor confidence.
๐ Significant Movement in Market Value and Volume
Dogecoin has been one of the most notable cryptocurrencies of recent times, with a trading volume of $17.65 billion. Although there was a 0.71% daily decline, this is interpreted as a correction. Its market capitalization remains quite solid at $38.24 billion.
This volume and interest indicate that not only short-term traders but also long-term investors are turning to DOGE.
๐ง Psychological Phase: The "Optimism-Anxiety" Threshold is Being Crossed
Web3 analyst Iko says that investor psychology is undergoing a historic transformation for Dogecoin. Especially when the "optimism-anxiety" line is crossed, the possibility of a parabolic rally in highly volatile meme coins like DOGE becomes stronger.
A close above $0.25 in volume could solidify this psychological shift and trigger the long-awaited breakout.
๐ฏ Is a Bright Roadmap Coming for DOGE in 2025?
2025 could be one of the rare years where all fundamental and technical signals are positive for Dogecoin. A renewed wave of hype, particularly in the meme coin market, could launch DOGE into a bull run fueled not only by technical but also social momentum.
๐ Conclusion: Bullish Trends Are Coming, But Stay Vigilant
Dogecoin is currently poised for a strong rally, both technically and fundamentally. However, it's crucial for investors to closely monitor funding rates, open interest, and spot volume behavior during this period.
If the $0.25 level is broken to the upside, it could be only a matter of time before DOGE gains significant market momentum and investor interest reaches a breaking point.