{"id":41959,"date":"2025-04-22T20:11:09","date_gmt":"2025-04-22T20:11:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/41959\/"},"modified":"2025-04-22T20:11:09","modified_gmt":"2025-04-22T20:11:09","slug":"dogecoin-doge-poised-for-24-surge-heres-why","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/41959\/","title":{"rendered":"Dogecoin (DOGE) poised for 24% surge, Here\u2019s why?"},"content":{"rendered":"<ul>\n<li>\u00a0DOGE Long\/Short Ratio showed that traders are favoring long positions over short ones.<\/li>\n<li style=\"font-weight: 400;\">On-chain metrics revealed that exchanges have recorded an outflow of over $3.75 million worth of DOGE.\u00a0<\/li>\n<\/ul>\n<p>After being in a downtrend, <a href=\"https:\/\/ambcrypto.com\/category\/dogecoin-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Dogecoin[DOGE]<\/a>is poised to reverse its current outlook as sentiment appears to be shifting, and price action turns bullish. <\/p>\n<p>Recently, on-chain metrics reveal that both traders and investors have shown strong interest on the long side, while the daily chart shows a bullish breakout.<\/p>\n<p>According to the on-chain analytics firm Coinglass, exchanges have been continuously witnessing substantial outflows. Meaning assets are moving from exchanges to wallets, which is usually seen as a bullish sign.<\/p>\n<p>Data from Spot Inflow\/Outflow metrics reveals that exchanges have recorded an outflow of over $3.27 million worth of memecoins in the past 24 hours.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/image-2025-04-22T135152.654.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-484857\" class=\"wp-image-484857 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"DOGE Spot Inflow\/Outflow\" width=\"1755\" height=\"505\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/image-2025-04-22T135152.654.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-484857\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<p>This substantial outflow indicates potential accumulation and has the potential to create buying pressure and drive a further upside rally, as sentiment across the crypto landscape appears to be improving.<\/p>\n<p><b>Traders\u2019 eyes on long bets\u00a0<\/b><\/p>\n<p>In addition to the exchange outflows, another major bullish signal comes from the DOGE Long\/Short ratio. At press time, this ratio stood at 1.116, indicating bullish market sentiment among traders.<\/p>\n<p>This metric not only reflects positive sentiment but also shows that traders are favoring long positions over short ones, a trend that typically appears when the ratio moves above 1.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/image-2025-04-22T135235.417.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-484860\" class=\"wp-image-484860 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"DOGE Long\/Short Ratio Chart\" width=\"1714\" height=\"449\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/image-2025-04-22T135235.417.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-484860\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<p>When combining these on-chain metrics, it appears that bulls have been dominating the asset and may be supporting DOGE in shifting its bearish trend.<\/p>\n<p><b>Dogecoin\u2019s technical analysis and key levels\u00a0<\/b><\/p>\n<p>According to AMBCrypto\u2019s technical analysis, DOGE has broken out from a descending trendline that has acted as strong resistance since January 2025.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/DOGEUSDT_2025-04-22_13-50-05.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-484854\" class=\"wp-image-484854 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Dogecoin (DOGE) technical analysis\" width=\"1814\" height=\"792\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/04\/DOGEUSDT_2025-04-22_13-50-05.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-484854\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<p>DOGE has struggled with this trendline, facing selling pressure and price declines upon reaching this level. However, the recent breakout suggests that bearish sentiment may start to shift.<\/p>\n<p>If DOGE closes a daily candle above $0.165, it could rise by 24%, reaching $0.207 in the coming days. Despite this bullish breakout, the memecoin remains below the 200-day Exponential Moving Average (EMA) on the daily timeframe.<\/p>\n<p>This indicates that DOGE is still in a downtrend, with bears maintaining dominance. <\/p>\n<p>Meanwhile, DOGE\u2019s Relative Strength Index (RSI) stands near 50, suggesting room for growth. It is neither overbought nor oversold, which could allow DOGE to gain further bullish momentum.<\/p>\n<p>At press time, DOGE was trading near $0.1643, marking a 1.50% price surge in the past 24 hours. During this period, trading volume increased by 15%, showing stronger market participation than the previous day.<\/p>\n<p>\u00a0<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/solana-beats-ethereum-on-this-front-but-sell-offs-could-hit-sol-hard-how\/\" rel=\"prev noopener\" data-wpel-link=\"internal\" target=\"_blank\">Solana beats Ethereum on THESE fronts, but sell-offs could hit SOL hard \u2013 How?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"\u00a0DOGE Long\/Short Ratio showed that traders are favoring long positions over short ones. On-chain metrics revealed that exchanges&hellip;\n","protected":false},"author":2,"featured_media":41960,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-41959","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\/114383440043175276","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/41959","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=41959"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/41959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/41960"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=41959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=41959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=41959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}