{"id":2133,"date":"2025-04-02T13:12:00","date_gmt":"2025-04-02T12:12:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=2133"},"modified":"2025-04-02T12:47:52","modified_gmt":"2025-04-02T11:47:52","slug":"dogecoin-doge-skyrocket-plummet-this-week","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/dogecoin-doge-skyrocket-plummet-this-week\/","title":{"rendered":"Will Dogecoin (DOGE) Skyrocket or Plummet This Week ?"},"content":{"rendered":"\n

Dogecoin Caught Between Bulls and Bears<\/strong><\/h2>\n\n\n\n

Currently, Dogecoin<\/a> is trading around $0.17<\/strong>, marking a 2.75% increase<\/strong> over the last 24 hours. However, the token reached a high of $0.175<\/strong> during the day before facing strong resistance and reversing the trend. At the same time, trading volume has decreased by 10%<\/strong>, indicating lower participation from traders<\/a> and investors compared to the previous day.<\/p>\n\n\n

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\"dogecoin<\/figure>\n<\/div>\n\n\n

Source: TradingView<\/p>\n\n\n\n

From a technical perspective, DOGE<\/a> appears to be following a bearish trajectory<\/strong> as it tests the breakout of an uptrend. According to analysis, if Dogecoin closes a four-hour candle below the $0.162 level<\/strong>, a significant price decline could follow in the days ahead.<\/p>\n\n\n\n

Currently, DOGE is trading below its 200-day exponential moving average<\/strong> on the daily chart. This indicates a strong bearish trend<\/strong> and weakened price momentum. These factors may explain a more moderate participation from players in the crypto market<\/a>.<\/p>\n\n\n\n

Traders Betting Big on a Rebound<\/strong><\/h2>\n\n\n\n

However, traders seem to have a bullish outlook<\/strong> evidenced by their significant positioning in futures contracts. According to on-chain analysis firm Coinglass, traders currently hold $25.60 million in long positions<\/strong>, compared to only $8.50 million in short positions.<\/p>\n\n\n

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\"dogecoin<\/figure>\n<\/div>\n\n\n

Source: Coinglass<\/p>\n\n\n\n

These bullish <\/strong>bets, more than double the bearish bets, indicate that the bulls are firmly in control. They are betting on a significant rebound for Dogecoin<\/strong> in the days to come.<\/p>\n\n\n\n

Is Dogecoin Ready to Surprise the Markets ? Invest with Bitget<\/strong><\/h2>\n\n\n\n

Although the short-term technical outlook appears mixed, the traders’ appetite for DOGE<\/strong> hints at significant upward potential if certain key technical levels are surpassed. The upcoming days will be crucial in confirming or contradicting these contrasting perspectives surrounding the most popular memecoin<\/strong>.<\/p>\n\n\n\n

If you wish to invest in Dogecoin (DOGE) right now<\/strong>, it’s very simple with Bitget<\/strong>. Here’s how:<\/p>\n\n\n\n

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  1. Create an account<\/strong> on Bitget <\/a>by signing up with an email address and completing KYC verification.<\/li>\n\n\n\n
  2. Deposit funds<\/strong> via credit card, bank transfer, or crypto transfer.<\/li>\n\n\n\n
  3. Find the X\/USDT pair<\/strong> in the Spot or Futures section according to your strategy.<\/li>\n\n\n\n
  4. Place an order<\/strong> based on your goals (market price or limit order).<\/li>\n\n\n\n
  5. Secure your tokens<\/strong> by keeping them on Bitget or transferring them to an external wallet.<\/li>\n<\/ol>\n\n\n\n
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    Get 6200 USDT with Bitget<\/a><\/div>\n<\/div>\n\n\n\n

    More on this topic :<\/strong><\/p>\n\n\n\n