DEV Community

Cover image for ๐Ÿ•๐Ÿ“‰ Dogecoin Price Dips 10%! 3 Reasons Why Now Is the Time to Buy DOGE ๐Ÿš€๐Ÿ’ฐ
David Tevzadze
David Tevzadze

Posted on

๐Ÿ•๐Ÿ“‰ Dogecoin Price Dips 10%! 3 Reasons Why Now Is the Time to Buy DOGE ๐Ÿš€๐Ÿ’ฐ

๐Ÿ“‰ DOGE Drops Amid Market Crash
Dogecoin (DOGE) has fallen 10%, with 70M DOGE flooding into Binance, wiping out early 2025 gains. Despite the bearish trend, memecoins like DOGE still hold appeal for investors seeking high-risk, high-reward opportunities.

๐Ÿ“Š History May Repeat Itself
In late 2024, after the market tanked, DOGE rebounded strongly, climbing 18% in early 2025 to hit $0.40. With Bitcoin now down 8%, similar market dynamics could favor DOGE as traders shift to memecoins for quick returns.

๐Ÿ‹ On-Chain Data Signals Accumulation
Whale activity remains a key driver. A 400% surge in whale accumulation propelled DOGEโ€™s early 2025 rally, and current volume indicators show potential for renewed buying. The MACD remains bullish, supporting further accumulation.

๐Ÿ“ˆ Futures Market and Potential Short Squeeze
Open Interest (OI) dipped slightly to $3.43B, but many traders are shorting DOGE, setting the stage for a short squeeze. If whales jump back in, this could trigger forced buying, pushing DOGEโ€™s price higher.

๐Ÿ”ฎ Outlook: Time to Accumulate?
Historical trends, bullish on-chain metrics, and psychological factors suggest a rebound is possible. For DOGE to surge, market risks must stay high, keeping memecoins like Dogecoin attractive to speculative investors.

Retry later

Top comments (0)