{"id":453170,"date":"2024-12-19T23:30:25","date_gmt":"2024-12-19T18:00:25","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=453170"},"modified":"2024-12-19T18:39:43","modified_gmt":"2024-12-19T13:09:43","slug":"dogecoin-breaking-this-resistance-is-key-for-a-25-doge-rally","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dogecoin-breaking-this-resistance-is-key-for-a-25-doge-rally\/","title":{"rendered":"Dogecoin: Breaking THIS resistance is key for a 25% DOGE rally"},"content":{"rendered":"<ul>\n<li><span style=\"font-weight: 400;\"><em>83.15% of top traders on Binance held long positions of DOGE.<\/em><\/span><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Dogecoin could soar by 25% to reach the next resistance level of $0.45 if it holds itself above the $0.345 mark.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/ambcrypto.com\/category\/dogecoin-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Dogecoin [DOGE]<\/a> was gaining attention from crypto enthusiasts despite a recent price decline. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Following the rate cut announcement and the anti-crypto stance by Jerome Powell, the Fed Chair, market sentiment shifted. This resulted in a significant sell-off in the crypto market.<\/span><\/p>\n<h2><b>Rising interest in Dogecoin\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Amid the market sell-off, DOGE has experienced a price decline of over 13.5%. Despite this decline, whales and long-term holders have shown strong interest in the meme coin, according to on-chain analytics firm Coinglass.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Data from DOGE&#8217;s Spot Inflow\/Outflow revealed a significant $150.03 million worth of DOGE outflow from exchanges across the cryptocurrency market.<\/span><\/p>\n<figure id=\"attachment_453173\" aria-describedby=\"caption-attachment-453173\" style=\"width: 1709px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-95.png\"><img decoding=\"async\" class=\"wp-image-453173 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-95.png\" alt=\"DOGE spot inflow\/outflow\" width=\"1709\" height=\"476\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-95.png 1709w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-95-300x84.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-95-1024x285.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-95-768x214.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-95-1536x428.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/image-95-1200x334.png 1200w\" sizes=\"(max-width: 1709px) 100vw, 1709px\" \/><\/a><figcaption id=\"caption-attachment-453173\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The outflow is an on-chain metric showing how much DOGE whales and long-term holders have withdrawn from exchanges. These metrics suggest potential upside momentum and an ideal buying opportunity.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition to long-term holders&#8217; participation, traders are strongly optimistic about the meme coin. Coinglass\u2019s Binance DOGEUSDT Long\/Short Ratio is 4.93, indicating strong bullish sentiment among traders.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Currently, 83.15% of top traders on Binance hold long positions, while 16.85% hold short positions.<\/span><\/p>\n<h2><b>\u00a0Technical analysis and key levels\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">With this strong bullish sentiment among traders and investors, DOGE has managed to stay above the crucial support level of $0.345. According to AMBCrypto\u2019s technical analysis, DOGE still appears bullish, and with continued support from traders and investors, the meme coin has begun moving upwards on the daily time frame.<\/span><\/p>\n<figure id=\"attachment_453174\" aria-describedby=\"caption-attachment-453174\" style=\"width: 1471px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/DOGEUSDT_2024-12-19_10-44-54-1-e1734592432919.png\"><img decoding=\"async\" class=\"wp-image-453174 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/DOGEUSDT_2024-12-19_10-44-54-1-e1734592432919.png\" alt=\"Dogecoin technical analysis \" width=\"1471\" height=\"770\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/DOGEUSDT_2024-12-19_10-44-54-1-e1734592432919.png 1471w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/DOGEUSDT_2024-12-19_10-44-54-1-e1734592432919-300x157.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/DOGEUSDT_2024-12-19_10-44-54-1-e1734592432919-1024x536.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/DOGEUSDT_2024-12-19_10-44-54-1-e1734592432919-768x402.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/12\/DOGEUSDT_2024-12-19_10-44-54-1-e1734592432919-1200x628.png 1200w\" sizes=\"(max-width: 1471px) 100vw, 1471px\" \/><\/a><figcaption id=\"caption-attachment-453174\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Based on technical analysis, if DOGE holds above $0.345, it could potentially soar by 25% to reach the next resistance level of $0.45.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Combining these on-chain metrics with technical analysis, it appears that bulls are currently dominating the meme coin. This dominance is protecting it from further price decline.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Read\u00a0<a href=\"https:\/\/ambcrypto.com\/predictions\/dogecoin-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Dogecoin [DOGE] Price Prediction<\/a>\u00a02024-2025<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">At press time, DOGE was trading near $0.36 and has experienced a price decline of over 4.65% in the past 24 hours. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">During the same period, its trading volume increased by 51%, indicating heightened participation from traders and investors compared to the previous day.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On-chain metrics revealed that exchanges have witnessed a significant $150.03 million worth of DOGE outflow.<\/p>\n","protected":false},"author":97,"featured_media":453243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[6387,5824,66,3,4,20],"tags":[6427,6425],"class_list":["post-453170","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dogecoin-news","category-memecoins","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto","tag-featured"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dogecoin eyes price rebound amid $150M DOGE outflow<\/title>\n<meta name=\"description\" content=\"Dogecoin (DOGE) is poised for 25% upside momentum as it has formed a bullish price action pattern and gaining whales significant attention.\" \/>\n<meta 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