Dogecoin: THIS will decide if DOGE rockets to $0.25 or rolls over

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  • The TD Sequential buy signal emerges as DOGE consolidates near range support and long positions dominate.
  • Liquidation risk remains elevated, with weak spot flows and falling open interest undermining bullish momentum.

Ah, Dogecoin. That charming little Shiba Inu with the power to make millions, or bring them crashing down. As the price hovers near $0.222, somewhere between hope and despair, the TD Sequential buy signal has arrived on the hourly chart. Is this the hero we deserve, or just another illusion?

Here we are, near the sacred $0.21–$0.26 range, a well-trodden path where hope rises and crashes like a bad stock market pun. Historically, TD setups near the range bottoms are the harbingers of something — either a glorious rebound, or a quick reminder of why you shouldn’t get too attached to crypto.

But wait. While the charts may flirt with a hopeful rally, broader market conditions, and oh, the ever-growing leveraged positions, raise some pressing questions about whether we’re seeing the birth of a true bull, or just a dying gasp of optimism.

Are leveraged longs fueling a risky setup for DOGE bulls?

The bulls are out in full force, my friends. On Binance, long positions make up 74.44% of the total. That’s right, nearly three-fourths of DOGE enthusiasts are holding their breath, hoping this rocket is about to launch. But will it? Is it possible that the only thing holding this ship together is hope, and a whole lot of borrowed money?

Yes, this long/short ratio of 2.91 might make the bulls feel warm and fuzzy, but let’s not forget, this is a dangerously leveraged market. If DOGE doesn’t follow through, those long positions could crash like your favorite cryptocurrency app after a big announcement. That’s right, a sudden liquidation could turn all those gains into tears faster than you can say “blockchain.”

So, the ball’s in your court, DOGE. We’re at a tipping point, where conviction must be more than just a hope-fueled tweet. The next few hours? Crucial.

And yet, while spot flow data shows a modest $60.89M inflow, it’s barely enough to excite anyone. Compare that to the $65.69M outflow, and well, we’re talking about a net outflow of $4.8M. Is that the kind of buying pressure you want to bet your wallet on? Not exactly a roaring endorsement for the bulls.

Let’s face it: unless those inflows turn into something substantial, that fleeting TD Sequential buy signal might end up as a beautiful but short-lived dream. We need more than just a whisper of optimism — we need real buying action, and lots of it.

Are long liquidations undermining DOGE’s bounce attempt?

The bull trap, ladies and gentlemen. Long liquidations have surged to $1.99M, while shorts only lost $88K. This imbalance is a textbook case of “the bulls are currently carrying all the weight,” while the market laughs and says, “Good luck with that.”

If DOGE doesn’t break past the critical $0.23 resistance, brace yourselves for more long liquidations. And when those start piling up, we can only imagine the downside moves. It’s like watching a house of cards collapse in slow motion — you know it’s coming, but you just can’t look away.

Meanwhile, DOGE’s Derivatives Volume climbed 6.86% to $3.22B, and Options Volume surged by over 32%. Oh, the excitement! But wait, what’s this? Open Interest dropped 2.86%. So, we’ve got volume increases, but trader confidence? Not so much. It’s like having a party with lots of people showing up, but no one bringing the drinks.

Confused? Yeah, me too. The market can’t decide which way to go. And until it does, we’re left here, on the edge of our seats, waiting for some clarity.

Will DOGE finally break free?

Here we are again, oscillating between $0.21 and $0.26, with a current price of $0.2227 after a nice little 2.36% daily drop. RSI is at 42.44, indicating weak momentum. In other words, don’t get your hopes up just yet. For DOGE to truly take control, it needs to close above $0.23 and start eyeing that elusive $0.25 resistance.

Until that happens, we’re stuck in a perpetual state of “almost.” Every little bounce might face a rejection, and those bears? They’re just biding their time, licking their chops, waiting for the next mistake.

Can Dogecoin bulls flip this signal into sustained upside?

The TD Sequential buy signal might be a glimmer of hope, but let’s be real. Spot flows are weak, liquidations are rising, and derivatives data is a mixed bag at best. The bullish sentiment may be real, but it’s hanging by a thread. Whether DOGE breaks above the range or falls further depends on one simple thing: volume.

So, can the bulls pull this off? Or will they, too, fall victim to the cruel whims of market volatility? Only time — and a whole lot of volume — will tell.

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2025-05-28 20:15