Predicted 32% Dogecoin (DOGE) Price Increase, Check out the Facts!

Jakarta, Pintu News – Dogecoin , a cryptocurrency that is often considered a joke, seems to be undergoing a significant change in direction in the near future. Based on recent technical analysis, there are strong indications that Dogecoin (DOGE) could experience a sizable price spike.

Technical Analysis and Price Movement of Dogecoin (DOGE)

According to analysis from AMBCrypto, Dogecoin (DOGE) shows significant potential for price increases. If the currency manages to break out of the trend line and close the daily candle above the $0.19 level, then there is a high probability of a 32% price surge.

Historical price patterns and recent price action form the basis of this prediction, suggesting that momentum for a bull run has started to build. Given the current market conditions, many traders and investors have started to show strong interest in Dogecoin (DOGE). Some are going long, while others are accumulating tokens.

Also Read: From Dogecoin Millionaire to Pepe Millionaire: The Latest Meme Coin Investment Strategy!

On-Chain Metrics Show Bullish Signals

Spot inflow/outflow data from Coinglass shows that there was an outflow of Dogecoin (DOGE) from crypto exchanges of $10.90 million within 24 hours. This large outflow indicates that whales and investors may be accumulating Dogecoin (DOGE) amidst the price decline.

This phenomenon is often interpreted as a bullish signal by market analysts. In addition, there were $27.5 million worth of bullish bets made by traders. At $0.1776, many traders seemed to be overextending their long positions with bets totaling $27.47 million. This adds to the evidence that bullish sentiment may be strengthening among market participants.

Dogecoin (DOGE) Outflows and Accumulation by Whale

The large recorded outflow of $10.90 million in Dogecoin (DOGE) suggests that there has been a significant shift of assets from exchanges to private wallets, often by large investors or whales. This activity usually indicates confidence in future price increases.

Accumulation by whales is often followed by price increases as supply in the market becomes more limited. This activity also supports the theory that Dogecoin (DOGE) may be preparing to surge. When large investors show their confidence by accumulating more Dogecoin (DOGE), it is often a positive signal for other investors to start considering including Dogecoin (DOGE) in their portfolios.

Conclusion

Taking all these factors into account, Dogecoin’s (DOGE) prospects in the market seem very promising. Technical analysis showing potential upside, along with on-chain metrics supporting bullish sentiment, paint a picture that Dogecoin (DOGE) may be in for a very positive period in the near future. Investors and traders are advised to pay close attention to Dogecoin (DOGE) price movements and consider these factors in making investment decisions.

Also Read: Shocking Prediction: Bitcoin (BTC) Has the Potential to Reach $250,000 in 2026!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Dogecoin’s price could rally by 32%, but here’s the catch. Accessed on June 10, 2025
• Featured Image: Generated by AI