{"id":1097,"date":"2025-05-27T16:33:53","date_gmt":"2025-05-27T16:33:53","guid":{"rendered":"https:\/\/bitunikey.com\/news\/top-3-reasons-dogecoin-price-may-jump-110-soon\/"},"modified":"2025-05-27T16:33:54","modified_gmt":"2025-05-27T16:33:54","slug":"top-3-reasons-dogecoin-price-may-jump-110-soon","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/top-3-reasons-dogecoin-price-may-jump-110-soon\/","title":{"rendered":"Top 3 reasons Dogecoin price may jump 110% soon"},"content":{"rendered":"
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Dogecoin\u2019s price could be on the verge of a strong breakout as a bullish flag forms, whale accumulation accelerates, and the funding rate remains positive.<\/p>\n

Dogecoin (DOGE), the biggest meme coin in crypto, was trading at $0.2280 on Tuesday, up by 75% from its lowest level in April.\u00a0<\/p>\n

Technical analysis points to Dogecoin price surge<\/h2>\n

The daily chart suggests DOGE may be approaching a bullish breakout. It is forming a bullish flag pattern, characterized by a vertical rally followed by a consolidating rectangle. This setup is typically associated with continuation to the upside.<\/p>\n

Dogecoin is also about to form a mini golden cross pattern, as the spread between the 50-day and 100-day Exponential Moving Averages flips each other.\u00a0<\/p>\n

Together, these patterns point to the potential for an aggressive breakout once the flag formation resolves. If that happens, the next key resistance to watch is $0.4815, the November 2023 high. This level represents a 110% increase from current prices. However, a drop below the psychological support at $0.20 would invalidate the bullish outlook.<\/p>\n

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DOGE price chart | Source: crypto.news<\/figcaption><\/figure>\n

<\/p>\n

Dogecoin has a positive funding rate<\/h2>\n

Another bullish catalyst is DOGE\u2019s consistently positive funding rate. According to CoinGlass, the eight-hour funding rate has remained positive since March 31 and continues to climb.<\/p>\n

In perpetual futures markets, a positive funding rate occurs when long position holders pay fees to short sellers, typically a sign that market sentiment expects prices to rise.<\/p>\n

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\n\"Dogecoin\n<\/picture>
Dogecoin price funding rate | Source: CoinGlass<\/a><\/figcaption><\/figure>\n

DOGE whales are accumulating<\/h2>\n

Additional data shows that large holders are accumulating DOGE, a sign of increasing confidence in a continued rally.<\/p>\n

According to Santiment, addresses holding between 100 million and 1 billion DOGE now control over 26.46 billion tokens, the highest level since December 2023. Their holdings have grown from 23 billion tokens in January.<\/p>\n

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\n\"Dogecoin\n<\/picture>
DOGE whales are buying | Source: Santiment<\/a><\/figcaption><\/figure>\n

Supporting this trend, data shows sustained exchange outflows since November 2023. Dogecoin has recorded over $695 million in outflows since April 1, indicating that investors are moving coins from exchanges to self-custody, typically viewed as a long-term bullish signal.<\/p>\n

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Dogecoin\u2019s price could be on the verge of a strong breakout as a bullish flag forms, whale accumulation accelerates, and the funding rate remains positive. Dogecoin (DOGE), the biggest meme…<\/p>\n","protected":false},"author":1,"featured_media":369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1097"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1097\/revisions"}],"predecessor-version":[{"id":1098,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1097\/revisions\/1098"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/369"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}