While the rest of the crypto world is taking a collective nap, our beloved Dogecoin ๐ถ has decided to throw a party, soaring5% in just a day to a dazzling $0.1852. And guess what? The trading volume exploded by111% to a whopping $1.58 billion! Seems like everyone’s favorite meme coin is back with a vengeance and a hint of bullish charm. ๐
Breaking News: Dogecoin Foundation Goes on a Shopping Spree! ๐๏ธ
Today’s jaw-dropping Dogecoin rally isn’t just because of a few tweets or memes. Oh no, it’s because the Dogecoin Foundation decided to play Santa Claus ๐ and announced the “Official Dogecoin Reserve”. Their master plan? To make Dogecoin as stable as a rock and as attractive to institutional investors as a shiny new Tesla. ๐
They’re not playing around, folks. The Foundation is diving headfirst into the market, scooping up10 million DOGE (that’s a cool $1.8 million, by the way) to ensure Dogecoin’s price stays as steady as grandma’s hand on the cookie jar. ๐ช
And let’s not forget the growing whispers of a Dogecoin ETF approval by2025. Crypto betting platform Polymarket is throwing around a72% chance of this becoming reality by year’s end. Talk about betting on the underdog! ๐
Could Dogecoin Be Gearing Up for a100% Victory Lap? ๐๏ธ
Hold onto your hats, because Dogecoin isn’t just holding its ground; it’s flexing its muscles above the $0.16 support level. Our friend ZAYK Charts has spotted a falling wedge pattern that’s got everyone’s ears perked up. This little pattern might just be the signal for a bullish breakout, potentially paving the way for a100% rally. ๐
$DOGE Falling Wedge Formation in1D Timeframeโ In case of Breakout, Expecting Massive Bullish Wave๐ #Dogecoin
โ ZAYK Charts (@ZAYKCharts) March24,2025
Analysts are buzzing like bees ๐ around a honey pot, predicting that DOGE’s strength could catapult it into a parabolic rally to $1. And with on-chain data like open interest (OI) and funding rates showing some serious muscle, it’s not just wishful thinking. ๐ค
As of the latest scoop, Dogecoin’s OI in the futures market has skyrocketed to $1.80 billion (phew!), bouncing back from a four-month low. And let’s not overlook DOGE’s weekly funding rates, which have turned as positive as a motivational meme, hitting0.157% after a brief dip into negative territory. ๐
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2025-03-25 16:12