{"id":165413,"date":"2025-06-07T16:34:10","date_gmt":"2025-06-07T16:34:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/165413\/"},"modified":"2025-06-07T16:34:10","modified_gmt":"2025-06-07T16:34:10","slug":"analyzing-dogecoins-price-recovery-odds-in-the-wake-of-trump-musk-spat","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/165413\/","title":{"rendered":"Analyzing Dogecoin&#8217;s price recovery odds in the wake of Trump-Musk spat"},"content":{"rendered":"<ul>\n<li>During DOGE\u2019s last major drop, a significant amount of liquidity of $380M+ was trapped at $0.50<\/li>\n<li>Total memecoin market cap is now far larger than in 2021, but the OI and daily volume have remained low<\/li>\n<\/ul>\n<p>The memecoin sector rebounded on the charts over the last 24 hours. This recovery followed a cascade of liquidations on the back of the public spat between President Trump and Elon Musk.<\/p>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/dogecoin-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Dogecoin [DOGE]<\/a>, the market\u2019s biggest memecoin, has been leading the charge, with the same flashing early signals of a potential recovery at press time. However, the real question is \u2013 Does this rebound have any staying power?<\/p>\n<p>Signals from Dogecoin\u2019s metrics<\/p>\n<p>At the time of writing, there seemed to be significant liquidity around the $0.50 zone. It was worth more than $380M DOGE, built up from the memecoin\u2019s previous rally.<\/p>\n<p>Normally, large groups of short positions are followed by significant rallies after the selling pressure wanes. Before DOGE went on its last surge, it <a href=\"https:\/\/x.com\/joao_wedson\/status\/1931061221697991023?t=YirVqeT6jOxFT_k7FyrJWw&amp;s=19\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">followed<\/a> a similar pattern by building up at the bottom and then soaring steeply higher.<\/p>\n<p>At the time of writing, the chart underlined a potential mirror setup forming again.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/Gsx-71sXwAApuw5-scaled.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-499275\" class=\"wp-image-499275 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"dogecoin\" width=\"2560\" height=\"1440\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/Gsx-71sXwAApuw5-scaled.jpg\"\/><\/a><\/p>\n<p id=\"caption-attachment-499275\" class=\"wp-caption-text\">Source: Alphractal<\/p>\n<p>Should the falling trend reverse itself, a breakout to the upper liquidity collection around $0.50 should develop.<\/p>\n<p>What\u2019s more, the DOGE\/BTC pair is now approaching a key support zone \u2013 Eerily similar to the conditions seen ahead of DOGE\u2019s legendary 2021 rally.<\/p>\n<p>At the same time, the network for DOGE has stayed strong, as per latest <a href=\"https:\/\/x.com\/santimentfeed\/status\/1931086522008105189\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">data from Santiment<\/a>. At press time, it boasted 7.97 million active addresses \u2013 More than USDT or XRP. With such a broader base, Dogecoin could handle the ups and downs of the market.<\/p>\n<p>Bitcoin was in second place with 55.39M holders behind Ethereum with 148.39M. For its part, DOGE\u2019s rising number of users could prepare it for another uptick on the charts.<\/p>\n<p>And yet, if resistance levels are not broken, there might be a delay in price gains or a small drop in prices. Worth noting, however, that the outcome does not depend entirely on the level of activity and ease in trading.<\/p>\n<p>Why could other memecoins follow?<\/p>\n<p>The memecoin index has started to rebound after last month\u2019s slide. Owing to this recovery, the total market value for memecoins is now already higher than it was in 2021.<\/p>\n<p>And yet, the Open Interest for all memecoins has not been very high. It had a value of only $3.2 billion, with daily trading volumes of $12 billion. These figures are significantly lower than the same for Bitcoin or Ethereum.<\/p>\n<p>The divergence between the prices of memecoins and Bitcoin suggested memecoins have not performed well recently.<\/p>\n<p>Even so, this category of altcoins tends to climb when BTC rallies. In fact, major price swings are evidence that the sector could attract new speculation in the future.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/Gsx9ln-WsAARcNj-scaled.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-499292\" class=\"wp-image-499292 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"2560\" height=\"1440\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/Gsx9ln-WsAARcNj-scaled.jpg\"\/><\/a><\/p>\n<p id=\"caption-attachment-499292\" class=\"wp-caption-text\">Source: Alphractal<\/p>\n<p>Dogecoin and top memecoins may pick up again in the near future if there is a good shift in the crypto market.<\/p>\n<p>At the same time, since volume and interest have been low, a strong hike might need extra enthusiasm from retail and institutional traders.<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/will-ethereums-price-follow-networks-latest-adoption-milestone-of-148m-holders\/\" rel=\"prev noopener\" data-wpel-link=\"internal\" target=\"_blank\">Will Ethereum\u2019s price follow network\u2019s latest adoption milestone of 148M holders?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"During DOGE\u2019s last major drop, a significant amount of liquidity of $380M+ was trapped at $0.50 Total memecoin&hellip;\n","protected":false},"author":2,"featured_media":165414,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,1123,16,15],"class_list":{"0":"post-165413","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-featured","11":"tag-uk","12":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114643053305387569","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/165413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=165413"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/165413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/165414"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=165413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=165413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=165413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}