Dogecoin at a Crossroads: Will DOGE Surge to $0.25 or Crash Back to Earth?

The meme coin that refuses to die is facing its make-or-break moment. Dogecoin’s price action hinges on a critical technical threshold—break it, and DOGE could rocket to $0.25; fail, and it’s back to the doghouse.

Market watchers are split between moonboys and skeptics as the crypto swings on pure sentiment—because fundamentals? Please. This is the same ’asset’ that rallied because Elon Musk tweeted a dog meme.

Whales are accumulating, retail FOMO is building, and the charts are flashing make-or-break signals. Meanwhile, Wall Street quietly rolls its eyes while pocketing fees on both sides of the trade.

One thing’s certain: When DOGE moves, it doesn’t do subtle. Buckle up.

Source: X/Ali

Are leveraged longs fueling a risky setup for DOGE bulls?

DOGE traders remain overwhelmingly bullish, with long accounts on Binance comprising 74.44% of total positions, pushing the Long/Short Ratio to 2.91. 

While this Optimism might boost near-term momentum, the imbalance also reflects a highly leveraged market that could unwind quickly. 

If price action fails to follow through, overleveraged longs could face cascading liquidations, reversing any gains. 

Therefore, the current setup places Doge at a critical tipping point, where bullish conviction must be backed by strong inflows to avoid sharp downside pressure.

Source: CoinGlass

Spot FLOW data shows DOGE recorded $60.89M in inflows against $65.69M in outflows during the same hourly candle. 

Though this results in a Net Outflow of roughly $4.8M, the figures remain modest compared to historic accumulation phases. 

This suggests that while some buying pressure exists, it is not yet convincing enough to validate a broader bullish reversal. 

Therefore, unless spot accumulation rises significantly, the rebound signal may not convert into a sustainable uptrend.

Are long liquidations undermining DOGE’s bounce attempt?

Despite the long-heavy positioning, DOGE’s long liquidations surged to $1.99M, while shorts only lost $88K. This skew highlights that bulls are currently bearing the brunt of market volatility. 

If DOGE fails to break above key resistance near $0.23, more long liquidations could follow, accelerating downside moves. 

Source: CoinGlass

DOGE’s total Derivatives Volume climbed 6.86% to $3.22B, while Options Volume surged by over 32%, hinting at increased speculative activity. 

However, Open Interest dropped 2.86%, showing reduced trader commitment or profit booking. This divergence creates confusion—rising volumes suggest activity, but falling OI implies waning confidence. 

Such mixed trends indicate indecision, with the market yet to establish a firm directional bias. 

Will DOGE finally break free?

DOGE continued to oscillate between $0.21 and $0.26, with the current price at $0.2227 after a 2.36% daily drop. 

RSI reads 42.44, pointing to weak momentum but not yet oversold conditions. For bulls to take control, DOGE must close above $0.23 and target the $0.25 resistance. 

Until then, the market remains stuck in consolidation, with every bounce facing potential rejection. 

Therefore, momentum must return swiftly, or bears may continue to dominate the range.

Source: TradingView

Can Dogecoin bulls flip this signal into sustained upside?

The TD Sequential buy signal aligns with technical support, giving DOGE a chance to rebound. 

However, weak spot flows, rising liquidation risks, and mixed derivatives data highlight underlying fragility. The current bullish sentiment may not be enough without stronger follow-through. 

Whether DOGE breaks above its range or retreats further depends on volume strength and reduced leverage pressure in the coming days.