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Optimism was high… Until this happened !

A whale transferred a massive amount of 155 million Dogecoin to Robinhood, raising questions about potential profit-taking. While this move was not confirmed as a sale, its timing triggered anxiety among traders.

DOGE liquidations chart
Source: Coinglass

Yet, analysis of traders’ and investors’ activities reveals a clear bullish trend and an accumulation of DOGE tokens. At the time of analysis, long leveraged positions amounted to $22.64 million, significantly exceeding the $18.85 million leveraged short liquidation.

A 25% Increase on the Horizon ?

DOGE was trading around $0.195, marking an increase of over 6.5% in the last 24 hours. According to the chart analysis, Dogecoin appears bullish and is poised for a significant uptrend.

DOGE 4H chart

If DOGE closes a daily candle above $0.1985, it could trigger a major advance towards $0.25, representing a potential 25% increase from current levels.

At the time of writing, DOGE is showing a buy signal on the Ichimoku 4H cloud for the first time since May 7. Unless Bitcoin drops below $108,000, DOGE is expected to test its short-term resistance and 4H POC at approximately $0.227. This implies a potential 12% increase in the coming days.

The weekly structure of the memecoin provides optimism. After retesting the demand zone, DOGE could continue its ascent towards the major resistance at $0.45.

The cryptocurrency market is ever-evolving, and DOGE is no exception. Whale movements and traders’ activity can significantly impact prices. It’s crucial to closely monitor trends and data to make informed decisions in this complex environment.

The path to a 25% increase for DOGE looks promising, with investors remaining optimistic about its future prospects.

How to Buy DOGE on Bitget ?

  1. Create your account: Sign up on Bitget through their official website or mobile app to access DOGE.
  2. Secure your profile: Complete KYC verification to comply with European and French regulations (GDPR, AMF) in 2025.
  3. Deposit funds: Add fiat currencies (EUR) or cryptocurrencies (USDT, BTC) to your Bitget wallet.
  4. Buy the token: Go to the spot market, select the DOGE/USDT pair, and place your buy order at the current price.
Buy DOGE on Bitget and earn $10 !

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