Dogecoin DOGE/USD has rallied 15% in the past seven days, with technical indicators suggesting a breakout could be on the horizon.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Dogecoin DOGE/USD | $0.1988 | $29.6 billion | +6% | +15% |
| Shiba Inu SHIB/USD | $0.00001497 | $8.8 billion | +11.2% | +16.6% |
| Pepe PEPE/USD | $0.058793 | $3.7 billion | +11.2% | +17.8% |
Trader Notes: Glassnode data shows around 7% of DOGE's total supply is concentrated at $0.20, making it a critical resistance zone.
The next major supply zone is $0.31, with little resistance in between suggesting a potential sharp move higher if $0.20 is broken.
Around 15% of DOGE's supply was last moved 6-12 months ago, meaning many holders that bought before the rally are still holding.
The 3-6 months HODL wave has been growing since early March, suggesting many bought during the $0.32–$0.41 rally in January. If prices return to these levels, some may look to exit at break-even, creating potential resistance.
Dogecoin futures open interest is at $1 billion, significantly lower than the $3 billion average from October 2024—indicating that this rally is more spot-driven than leverage-driven. Funding rates have dropped to neutral, confirming that excessive leverage is not fueling the move.
Crypto trader Cephii predicts that Dogecoin's next price discovery phase is only a month away, and the gains could happen "faster than expected." He summed it up as "mostly waiting and then gigapump."
Statistics: Coinglass data shows Dogecoin's open interest spiking by 16.7% to $2.18 billion in a single day.
In the past 24 hours, DOGE liquidations stand at $10 million, with short liquidations at $8.03 million.
Community News: The House Of Doge announced the launch of a new strategic reserve, wherein a total of 10 million DOGE tokens, worth $1.8 million, were purchased.
The main goal of the House of Doge is to promote the meme coin's appeal as a payment method to corporate partners.
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