Dogecoin jumped 15.76% in one day to regain its recent losses and push past $0.20 in value. Significant holders quickly gathered 140 million DOGE to their account which led to a fast market rise. DOGE needs to prove its capability in sustaining upward trends and becoming a reliable anchor for the $0.20 price level.

Based on the 1-day chart DOGE has given back more than half of its election market gains by creating three downward trends. The trading price stayed at $0.227 when this data was collected but an examination of the market data signals that prices may start to rise again.

Technical Indicators Signal Potential DOGE Price Rebound

The Relative Strength Index indicates market sellers have exhausted their funds which could lead to buying demand recovery. A MACD upside crossover shows stronger reasons behind potential price increases. The increased number of whales joining the market supports our view of future price movement.

DOGE currently wins investors because its trading volume climbed by 252% to $3.71 billion. More users have started buying DOGE which pushed the price towards its essential $0.25 barrier to pass.

Dogecoin Eyes $0.25 Breakout Amid Market Liquidity Surge

Recent crypto market activity received more money from investors with a Trump momentum driving them to sell $10.10 million worth short positions. People wonder if the DOGE price increase will stay strong or if it depends on short-term liquidity changes.

Will DOGE Hold $0.20 Support or Fall Further?

The trading value of DOGE has fallen backward by 7.66% after achieving its top point at $0.242. The darker red candlestick indicates buyers are losing control of the market which may start the phase where traders make profits by selling.

Traders are taking more risk in the derivatives market which shows as Open Interest increased by 10.57% to $2.03 billion. The risk of short positions being overleveraged leads to $280 million worth of liquidations across market players.

The market needs to monitor DOGE”s next steps carefully during the upcoming days. When fast traders sell to lock profits they risk ending the rally because low demand would protect $0.20 support. Strong upward momentum would likely arise when the price crosses $0.25 and pushes traders to buy rapidly to reduce their losses.

Dogecoin Eyes $0.25 Breakout Amid Market Liquidity Surge

Spot investors are closing their trades because they earned enough profit from their positions on OI which dropped by more than 4%. Futures traders have boosted selling pressure which has built up available funds for traders to sell in the next phase.

To make DOGE prices rise further bull investors need to provide buying support in cash transactions. Chances remain high that price will return to under $0.20 unless powerful support emerges.