Dogecoin Soars 46% Amid Breakout and Bullish Signals
Key Takeaways
Dogecoin (DOGE) has recorded a 46% price increase within just a few days. The breakout from a two-month sideways phase suggests a possible trend reversal. At the same time, technical indicators show short-term pullbacks, which can be interpreted as normal corrections within an upward trend. Large investors (so-called “whales”) have purchased DOGE in significant volumes – another bullish signal.
Strong Price Surge Following Sideways Breakout
Between May 8 and 10, 2025, Dogecoin’s price rose by 46%. This increase marked the end of a two-month consolidation phase between $0.142 and $0.195. The mid-range level at $0.169 served as support before the breakout occurred.
The price also broke through the 78.6% Fibonacci retracement level, calculated from the price movement in November 2024. This indicates a clear trend reversal – at least in the short term.
Whale Activity Highlights Bullish Momentum
According to analyst Ali Martinez, around 600 million DOGE were purchased by large investors during the price increase – equivalent to approximately 140 million US dollars. Such purchases indicate confidence in continued price growth.
Additionally, the Chaikin Money Flow (CMF) shows a value of +0.18, indicating strong capital inflows. This suggests sustained market interest.
Short-Term Correction Possible – Key Support Zones
After reaching a high of $0.25, the price pulled back to around $0.233. The Money Flow Index (MFI) had previously shown a bearish divergence, pointing to an overheated market. The MFI has since returned to a neutral level.
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Key support zones are located at $0.222, $0.214, and $0.204. DOGE could exhibit a bullish reaction in this range in the coming days. A drop below $0.204 would be an early warning sign.
Liquidity and Price Targets in Focus
The liquidation heatmap from the past week shows that DOGE has been steadily rising. During this movement, several short positions were liquidated, which increased upward pressure.
Currently, the price zones at $0.225 and $0.238 are considered “magnet zones.” These are areas where liquidity and trading volume accumulate – DOGE may gravitate toward these levels in the short term.
Our Assessment
Dogecoin’s recent price surge is technically well-supported. The breakout from the sideways phase, the high trading volume, and the purchases by large investors all point to a positive development. Short-term pullbacks are possible but could serve as entry opportunities.
If you are investing in DOGE or considering it, keep an eye on the support zones between $0.204 and $0.222. A sustained rise above $0.238 could trigger the next upward impulse.
Dogecoin remains a speculative asset, but current market behaviour shows clear bullish tendencies.
Sources
- TradingView
- Coinglass
- X (formerly Twitter) – Analyst Ali Martinez
| Symbol | DOGE |
| Coin type | Alt Coin |
| Transaction Speed | Medium |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | 0.236321 |
| 24h % | 3.41 % |
| 7d % | 36.80 % |
| 30d % | 42.04 % |
| 60d % | 35.09 % |
| 1y % | 55.83 % |
| Market Cap | $35,251,997,056.00 |
| Official Links | Website | Source Code |
| Socials | Reddit | X |
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