• DOGE surged 15.76% as whales added 140 million, pushing above $0.20.
• Resistance at $0.25 remains strong, with technical indicators hinting at a potential breakout.
• Futures traders exit positions, increasing sell pressure and risking a drop below $0.20.

The price of DOGE has gained significantly, but can the momentum hold? A massive 15.76% surge erased weekly losses and pushed DOGE past $0.20 in a single day. Whales fueled the rally by adding 140 million DOGE to major holdings. Trading volume exploded 252% to $3.71 billion, showing strong buyer interest. Now, DOGE faces a tough test at $0.25. Breaking through could spark another leg up, but profit-taking might slow the climb.

DOGE Battles Key Resistance at $0.25

The daily chart shows DOGE retracing over half of the gains from the post-election surge. Three straight lower lows raise concerns, but technical indicators hint at a reversal. The RSI sits near oversold levels, suggesting a possible bounce. A bullish MACD crossover signals growing momentum for another push higher.

Rising global liquidity has helped fuel the rally, with many linking the surge to a “Trump pump.” Short sellers took a hit, with $10.10 million in liquidations reducing sell pressure. Open Interest jumped 10.57% to $2.03 billion, reflecting increased speculation. However, weak spot demand raises doubts about a sustained breakout.

Will Bulls Hold, or Is Another Drop Coming?

DOGE has already pulled back 7.66% from the rally peak. A large red candlestick shows growing sell pressure, increasing uncertainty. Futures traders have started exiting positions, with Open Interest dropping over 4%. This shift adds more liquidity to the market, increasing downside risks. Overleveraged positions could trigger a long squeeze, leading to cascading sell-offs.

For now, bulls need strong demand to hold current levels. Without fresh buyers, a drop below $0.20 could happen soon. The next few days will be crucial in determining DOGE’s price trajectory. A strong defense of support levels may keep momentum alive. If buyers step back, bears could regain control.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed