Dogecoin (DOGE) Surprises the Market: Price Jumps 6%, Is This the Start of a Big Rally?

Jakarta, Pintu News – The recent rise in the price of Dogecoin (DOGE) has caught the attention of crypto market participants. Amid bearish technical signals that usually signal a potential decline, DOGE has recorded a significant price spike. This phenomenon coincided with the overall recovery of the crypto market and the strengthening of major US stock indices. Many investors are now wondering, is this a sign of a bear trap or the start of the next big rally?

Crypto Market Sentiment and Global Economic Influence

On Tuesday morning, the crypto market showed a fairly solid recovery, as the S&P 500 and Nasdaq indices on the US stock exchanges strengthened. Meanwhile, the value of the US dollar declined as market participants began to reduce expectations of a more aggressive Federal Reserve monetary policy. This provided a breath of fresh air for riskier assets such as cryptocurrencies, including Dogecoin (DOGE), which managed to gain around 6% in the last 24 hours.

Shares of crypto-mining companies also rallied, following the positive trend in global equity markets. Dogecoin’s (DOGE) price rise came amid high market volatility, with many short positions being liquidated due to the sudden price spike. Data shows that the liquidation of DOGE shorts amounted to $2,530,000, far surpassing the liquidation of long positions of only $938,590.

Overall, the crypto market recorded $570,000,000 worth of liquidations, with the majority coming from short positions amounting to $367,050,000. This indicates that many traders were wrongly positioned and had to bear heavy losses due to unexpected price movements.

Also Read: 3 Reasons Robert Kiyosaki Believes Bitcoin Can Explode to IDR 4.22 Billion in 2026!

Technical Analysis: Death Cross and Breakout Potential

Although Dogecoin (DOGE) experienced a price increase, the technical signals that emerged indicated potential bearish pressure. On the three-hour chart, a death cross occurred where the 50 moving average (MA) dropped below the 200 MA, which is usually a sign of a short-term downward trend. However, the price of DOGE spiked before this death cross occurred, leaving many bearish traders trapped and losing money.

This phenomenon is often referred to as a bear trap, where the price movement goes against the expectations of the majority of market participants. Currently, Dogecoin (DOGE) is attempting to break through important resistance at the 50-day MA at $0.096. If a successful breakout occurs, DOGE has the potential to continue its rally all the way to the $0.12 area, where selling pressure from the bears will likely increase.

However, if the price fails to break this resistance and reverses downwards, DOGE is likely to move sideways again in the range of $0.09 to $0.12. This situation makes traders have to be more vigilant in making decisions, given that volatility is still high.

Dogecoin (DOGE) Price Outlook and Fundamental Factors

Although the price of Dogecoin (DOGE) rose by almost 5% in the last 24 hours to $0.094, on a weekly basis the majority of cryptocurrencies are still in the red. This suggests that the price recovery is still short-term and has not completely changed the main trend. Market participants are now looking forward to important economic data such as the Purchasing Managers’ Index (PMI) of the US manufacturing sector, which could affect risk sentiment in global markets.

If the economic data is favorable, it is not impossible that the rally of DOGE and other crypto assets will continue. If Dogecoin (DOGE) is able to break and hold above the $0.12 resistance, then the opportunity for a further rally to the $0.16 area is wide open. The $0.16 level is expected to be the next strong resistance, where profit-taking from traders is likely to increase.

However, if DOGE fails to maintain momentum and drops back below $0.09, then the consolidation phase is likely to continue. With high volatility and many liquidations of short positions, the Dogecoin (DOGE) market is currently very interesting to watch.

Conclusion

Dogecoin’s (DOGE) unexpected price movement amid bearish technical signals proves that the crypto market is still full of surprises. The price spike that triggered massive liquidation of short positions is an important lesson for traders to always pay attention to risk. With a potential breakout above key resistance, Dogecoin (DOGE) has the opportunity to continue its rally if supported by positive sentiment from global markets. However, caution is still required given the high volatility and uncertainty in the crypto market.

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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 and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• U.Today. Dogecoin Bear Trap: DOGE Price Jumps 6% Despite Short-Term Death Cross. Accessed on March 25, 2026