Dogecoin’s Wild Ride: Will It Moon Again?

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🐶💸 Dogecoin‘s Wild Ride: Will It Moon Again? 🌕

Dogecoin’s Wild Ride: Will It Moon Again?

As the U.S. President Donald Trump’s tariff war wreaked havoc on the global economy, one cryptocurrency managed to defy the odds and rally nearly 10% this week. Dogecoin (DOGE) has been on a wild ride, and its fans are wondering: will it moon again?

DOGE’s price surge has left many wondering: what’s behind its resilience?

Table of Contents

Dogecoin’s Wild Ride: What’s Behind the Surge?

Despite the macroeconomic chaos, DOGE has been on a tear, with its price surging nearly 10% in the past week. But what’s behind this resilience? Is it just a flash in the pan, or is there something more to it?

On-chain analysis reveals a rise in DOGE holders, a bullish sign for the meme coin.

On-Chain Analysis: A Look at DOGE’s Holders

On-chain analysis shows that the number of DOGE holders is on the rise, which could be a bullish sign for the meme coin. But what does it mean, exactly?

Derivatives data shows a steady climb in open interest, a sign of growing interest in DOGE.

Derivatives Analysis: What Do the Charts Say?

Derivatives data reveals a steady climb in open interest, a sign of growing interest in DOGE. But what does it mean for the price?

Long/short ratio on top exchanges exceeds 1, a bullish sign for DOGE.

What to Expect from DOGE: A Bullish Thesis?

Technical analysis and derivatives data suggest that DOGE could test resistance at $0.21465 next week. But is it just a technical analysis, or is there something more to it?

Santiment data shows rapid accumulation of DOGE by traders holding between 1 million and 10 million tokens.

DOGE ETF and Catalysts: Legitimizing the Meme Coin

DOGE holders are closely watching developments in Bitwise’s Dogecoin ETF filing with the SEC. Could this be the key to legitimizing the meme coin as an investment category for institutional investors?

Bitcoin flashcrashes dragged DOGE down, but the meme token recovered each time, signaling a potential end to its multi-month downward trend.

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2025-03-28 01:17