{"id":3641,"date":"2025-04-15T12:46:00","date_gmt":"2025-04-15T11:46:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=3641"},"modified":"2025-04-15T12:41:24","modified_gmt":"2025-04-15T11:41:24","slug":"dogecoin-doge-set-soar-28-heres-whats-fueling-surge","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/dogecoin-doge-set-soar-28-heres-whats-fueling-surge\/","title":{"rendered":"Dogecoin (DOGE) Set to Soar 28% ? Here\u2019s What\u2019s Fueling the Surge"},"content":{"rendered":"\n

A Key Support Zone Could Propel DOGE Higher<\/strong><\/h2>\n\n\n\n

The Dogecoin<\/a> (DOGE) has just touched a significant technical level on the weekly<\/strong> chart, an ascending support <\/strong>line that could be a major catalyst<\/strong> for a price increase.<\/p>\n\n\n

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\"doge<\/figure>\n<\/div>\n\n\n

This level has been a significant trigger in the past, propelling the recent market high to $0.48<\/strong>. This time, the rally could range from $0.22<\/strong> to $0.48<\/strong> depending on market evolution.<\/p>\n\n\n\n

If Dogecoin<\/a> surpasses the $0.22<\/strong> level, it could potentially move even higher. Particularly, the $0.38<\/strong> level is a significant target as it holds a substantial liquidity volume in the market. Sustaining this upward momentum will be crucial for DOGE to reach this key milestone.<\/p>\n\n\n\n

Increasing Interest and Buying Volume : Encouraging Signals for DOGE<\/strong><\/h2>\n\n\n\n

There is a growing interest<\/strong> in the derivatives market, with a gradual rise in the Weighted Funding Rate by Open Interest (OI) and the Weighted Funding Rate by volume.<\/p>\n\n\n\n

At the time of writing, the volume in the overall market has surged by 16.12%<\/strong>, reaching $2.93 billion, while options volume has further increased by 87.59%<\/strong> in the last 24 hours.<\/p>\n\n\n

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\"DOGE<\/figure>\n<\/div>\n\n\n

The Weighted Funding Rate by volume, which combines market volume and Funding Rate, suggests a potential continuation of market growth in the days ahead. Likewise, the Weighted Funding Rate by Open Interest is also positive, showing the same reading of 0.0071%.<\/strong><\/p>\n\n\n\n

This indicates that outstanding contracts in the market are predominantly held by long traders<\/a><\/strong>, hinting at potential market bullish<\/a> movement.<\/strong><\/p>\n\n\n\n

Spot Market Momentum Strengthens Upside Potential<\/strong><\/h2>\n\n\n\n

The recent rise in trading volume appears to be driven by spot traders, who have bought $8.9 million<\/strong> worth of DOGE<\/strong>. This follows several consecutive days of buying activity.<\/p>\n\n\n

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\"DOGE<\/figure>\n<\/div>\n\n\n

If buying volume in the spot market continues to rise in the coming days, the DOGE rally could gain significant traction. This momentum could accelerate its progress towards the targeted price objective.<\/p>\n\n\n\n

With a weekly Stochastic RSI at its lowest, the rebound is nearly imminent. Although a bull run may take weeks or months to materialize, DOGE presents a promising opportunity for long-term investors.<\/strong><\/p>\n\n\n\n

In conclusion, Dogecoin <\/strong>is currently well-positioned for a major rally<\/strong> in the weeks ahead. With a crucial technical support level, an increase in interest and buying volume in the derivatives markets, along with positive momentum in the spot market, DOGE could surprise investors by reaching $0.22<\/strong> and beyond. Traders, however, need to monitor the short-term market<\/strong> developments closely to fully capitalize on this opportunity.<\/p>\n\n\n\n

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Buy DOGE on Bitget now and receive $10 !<\/a><\/div>\n<\/div>\n\n\n\n

More on this topic :<\/strong><\/p>\n\n\n\n