{"id":31653,"date":"2025-04-19T01:15:09","date_gmt":"2025-04-19T01:15:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/31653\/"},"modified":"2025-04-19T01:15:09","modified_gmt":"2025-04-19T01:15:09","slug":"dogecoin-traders-eye-an-upside-break-assessing-the-odds-of-doges-rise","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/31653\/","title":{"rendered":"Dogecoin traders eye an upside break &#8211; Assessing the odds of DOGE&#8217;s rise"},"content":{"rendered":"<ul>\n<li>Dogecoin has struggled on its price charts, dropping by 1.32% in 24 hours.<\/li>\n<li>Despite price struggles, Futures markets are more active than ever, signaling growing speculation.<\/li>\n<\/ul>\n<p>While <a href=\"https:\/\/ambcrypto.com\/predictions\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Dogecoin [DOGE]<\/a> has struggled on its price charts, the memecoin\u2019s Futures markets are more active than ever.<\/p>\n<p>According to data from Coinglass, Dogecoin Options Volume has surged by 772.4%, hitting $201.<\/p>\n<p>Over the same period, Options Open Interest rose 12.27% to $324.9K. Moreover, Dogecoin\u2019s total Open Interest climbed 1.26% in 24 hours to $1.55\u202fbillion.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/Dogecoin-derivatives-analysis.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-483731\" class=\"wp-image-483731 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"948\" height=\"557\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/Dogecoin-derivatives-analysis.jpeg\"\/><\/a><\/p>\n<p id=\"caption-attachment-483731\" class=\"wp-caption-text\">Source: CoinGlass<\/p>\n<p>On top of that, Aggregated Open Interest surged from $698\u202fmillion to $713\u202fmillion. Naturally, this spike reflected growing leverage and rising trader confidence in a potential price rebound.<\/p>\n<p>Of course, prices hadn\u2019t reacted yet. However, increased speculation often hinted at smart money positioning ahead of major directional moves.<\/p>\n<p>Is Dogecoin set for a breakout?<\/p>\n<p>Looking at the Futures market performance, it suggests that investors are anticipating a major move. The question is: will DOGE see a downward move or an upswing?<\/p>\n<p>According to AMBCrypto\u2019s analysis, these investors are mostly optimistic and expect a move to the upside.<\/p>\n<p>For starters, Dogecoin is seeing an increase in buying pressure.<\/p>\n<p>Looking at order imbalance, the positive index has made a bullish crossover on the daily charts. This shows that there are more buy orders executed in the market than sell orders.<\/p>\n<p>Thus, buyers are in control of the market, reflecting growing demand.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/Dogecoin-positive-order-imbalance.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-483736\" class=\"wp-image-483736 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1507\" height=\"791\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/Dogecoin-positive-order-imbalance.jpeg\"\/><\/a><\/p>\n<p id=\"caption-attachment-483736\" class=\"wp-caption-text\">Source: MobChart<\/p>\n<p>Additionally, Dogecoin\u2019s traders are mostly getting into the market and taking long positions. As such, the Long\/Short Ratio stood at 68.9% longs vs. 31% shorts, per Coinalyze.<\/p>\n<p>When longs dominate, it suggests that investors are bullish and expect prices to appreciate in the near term.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/Dogecoin-long-short.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-483734\" class=\"wp-image-483734 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1600\" height=\"357\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/Dogecoin-long-short.jpeg\"\/><\/a><\/p>\n<p id=\"caption-attachment-483734\" class=\"wp-caption-text\">Source: Coinalyze<\/p>\n<p>With buyers dominating the market while futures are spiking, Doge is seeing an upward momentum start to build up.<\/p>\n<p>We can see this build-up as the memecoin\u2019s Stoch RSI has made a bullish crossover over the past day. A bullish crossover here signals a potential move to the upside as momentum strengthens.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/doge-stoch-RSI.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-483740\" class=\"wp-image-483740 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1291\" height=\"723\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/doge-stoch-RSI.jpeg\"\/><\/a><\/p>\n<p id=\"caption-attachment-483740\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<p>The prevailing market conditions position Dogecoin for gains on its price charts.<\/p>\n<p>If the shift in momentum holds, Doge will reclaim $0.164. Subsequently, if the attempt to the upside fails and becomes a breakdown, the memecoin could drop to $0.50.<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/2b-bitcoin-280-mln-ethereum-options-expire-today-wild-swings-expected\/\" rel=\"prev noopener\" data-wpel-link=\"internal\" target=\"_blank\">$2B Bitcoin &amp; $280 mln Ethereum options expire today \u2013 Wild swings expected?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Dogecoin has struggled on its price charts, dropping by 1.32% in 24 hours. Despite price struggles, Futures markets&hellip;\n","protected":false},"author":2,"featured_media":31654,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-31653","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-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114361986213767845","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/31653","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=31653"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/31653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/31654"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=31653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=31653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=31653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}