While the rest of the crypto world is taking a collective nap, our beloved Dogecoin πΆ 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. π
Breaking News: Dogecoin Foundation Goes on a Shopping Spree! ποΈ
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 π 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. π
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. πͺ
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! π
Could Dogecoin Be Gearing Up for a100% Victory Lap? ποΈ
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. π
$DOGE Falling Wedge Formation in1D Timeframeβ In case of Breakout, Expecting Massive Bullish Waveπ #Dogecoin
β ZAYK Charts (@ZAYKCharts) March24,2025
Analysts are buzzing like bees π 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. π€
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. π
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2025-03-25 16:12