<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=1F36vq_0wPAvCXx00" alt="https://img.particlenews.com/image.php?url=1F36vq_0wPAvCXx00" width="1792" height="1024" ></figure><ul><li><i>DOGE breaks out of descending channel, holding support at $0.14789.</i></li><li><i>On-chain metrics and surging open interest indicate strong investor interest, signaling potential gains ahead.</i></li></ul><p>Dogecoin [DOGE] is enjoying a surge of bullish sentiment, fueled by both crowd enthusiasm and “smart money” confidence. The recent price action pushed DOGE out of a long-standing descending channel, hinting at renewed upward potential. </p><p>But will this breakout, alongside its current support at $0.14789, truly set the stage for a broader crypto rally?</p><h2>DOGE breaks out of the channel: Key resistance levels to watch</h2><p>At press time, Dogecoin was trading at $0.1436, showing a 3.99% increase over the past 24 hours. However, DOGE’s breakout from a descending channel remains the key technical development, with the $0.14789 resistance level serving as a critical threshold. </p><p>Holding above this level could signal a bullish reversal, paving the way for further gains. If momentum continues to build, the next resistance near $0.17 could act as a launchpad, potentially driving DOGE into higher price territory.</p><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0EQusc_0wPAvCXx00" alt="https://img.particlenews.com/image.php?url=0EQusc_0wPAvCXx00" width="1772" height="1107" ><figcaption>Source: TradingView</figcaption></figure><h2>Technical indicators suggest potential momentum</h2><p>Technical indicators further strengthen the case for a sustained rally. The MACD (Moving Average Convergence Divergence) currently shows slight positive divergence, with the MACD line positioned above the signal line. This setup indicates possible upward momentum. </p><p>Meanwhile, the Stochastic RSI, recently dropping below the 40 mark, hints at DOGE moving into an oversold region. While some short-term retracement might occur, these indicators signal that the underlying sentiment remains optimistic, setting the stage for potential gains.</p><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=2ZGx1w_0wPAvCXx00" alt="https://img.particlenews.com/image.php?url=2ZGx1w_0wPAvCXx00" width="1772" height="1106" ><figcaption>Source: TradingView</figcaption></figure><h2>On-chain metrics reveal growing investor interest</h2><p>On-chain signals add another layer to Dogecoin’s bullish setup. Net network growth, up by 0.10%, reflects a gradual increase in network participants. Furthermore, large transactions have risen by 3.67%, signaling heightened activity from “whales,” or large holders. </p><p>Although “In the Money” shows a slight bearish signal at -0.44%, the concentration metric’s increase of 0.01% suggests consistent interest from substantial investors. </p><p>Therefore, these metrics indicate positive network health and a growing base of larger holders, which could contribute to further price support.</p><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=46cYcq_0wPAvCXx00" alt="https://img.particlenews.com/image.php?url=46cYcq_0wPAvCXx00" width="366" height="407" ><figcaption>Source: IntoTheBlock</figcaption></figure><h2>Open interest spike signals heightened trader activity</h2><p>Moreover, open interest in Dogecoin has surged by 15.69%, now totaling $988.75 million. This increase indicates a significant spike in speculative activity, likely in response to the breakout. </p><p>Such a high level of open interest often points to increased trader engagement, which can fuel short-term momentum. However, elevated open interest can also lead to higher volatility, so investors should exercise caution.</p><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0sGKP2_0wPAvCXx00" alt="https://img.particlenews.com/image.php?url=0sGKP2_0wPAvCXx00" width="2085" height="479" ><figcaption>Source: Coinglass</figcaption></figure><p>Dogecoin’s breakout from the descending channel, coupled with robust on-chain data and surging open interest, suggests a promising setup for continued gains. If DOGE can maintain support above the critical $0.14789 level, a broader rally may be on the horizon. </p><p>While technical indicators support a bullish outlook, monitoring key support and resistance levels remains essential to assess this rally’s durability.</p></div></body>

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Dogecoin alert: Here’s why a DOGE rally could be just around the corner!

DOGE breaks out of descending channel, holding support at $0.14789. On-chain metrics and surging open interest indicate strong investor interest, signaling potential gains ahead. Dogecoin [DOGE] is enjoying a surge of bullish sentiment, fueled by both crowd enthusiasm and “smart money” confidence. The recent price action pushed DOGE out of...

Dogecoin alert: Here’s why a DOGE rally could be just around the corner!

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