{"id":18921,"date":"2025-03-11T14:45:00","date_gmt":"2025-03-11T14:45:00","guid":{"rendered":"https:\/\/cryptd.in\/3-reasons-why-dogecoin-doge-could-turn-bullish-again-soon\/"},"modified":"2025-03-11T14:45:00","modified_gmt":"2025-03-11T14:45:00","slug":"3-reasons-why-dogecoin-doge-could-turn-bullish-again-soon","status":"publish","type":"post","link":"https:\/\/cryptd.in\/cs\/3-reasons-why-dogecoin-doge-could-turn-bullish-again-soon\/","title":{"rendered":"3 Reasons Why Dogecoin (DOGE) Could Turn Bullish Again Soon"},"content":{"rendered":"<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Despite a severe price drop, some factors like increased whale activity suggest a DOGE reversal might be just around the corner.<\/span><\/li>\n<li>A potential approval of a spot Dogecoin ETF could also contribute to a possible rally in the near future.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/DOGE_CB-1.jpg\" data-wpel-link=\"internal\"><img decoding=\"async\" class=\"alignnone size-full wp-image-386884\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/DOGE_CB-1.jpg\" alt=\"\" width=\"1201\" height=\"720\" \/><\/a><\/span><\/h2>\n<h2>The Bears to Step Back?<\/h2>\n<p><span data-preserver-spaces=\"true\">The past few weeks have <\/span><span data-preserver-spaces=\"true\">been devastating for<\/span><span data-preserver-spaces=\"true\"> the cryptocurrency market, with countless leading digital assets <a href=\"https:\/\/cryptopotato.com\/bitcoin-btc-dumped-to-a-4-month-low-liquidations-soar-to-almost-1-billion\/\" data-wpel-link=\"internal\">witnessing<\/a> double-digit price losses. The <\/span><span data-preserver-spaces=\"true\">biggest<\/span><span data-preserver-spaces=\"true\"> meme coin \u2013 Dogecoin (DOGE) \u2013 is no exception, as its valuation has declined by almost 40% <\/span><span data-preserver-spaces=\"true\">v m\u011bs\u00ed\u010dn\u00edm m\u011b\u0159\u00edtku<\/span><span data-preserver-spaces=\"true\">, currently trading at around $0.16 (per CoinGecko\u2019s data).<\/span><\/p>\n<figure aria-describedby=\"caption-attachment-386883\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/DOGE-Price.png\" data-wpel-link=\"internal\"><img decoding=\"async\" class=\"wp-image-386883\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/DOGE-Price.png\" alt=\"DOGE Price\" width=\"577\" height=\"400\" \/><\/a><figcaption class=\"wp-caption-text\">DOGE Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Contrary to the bearish landscape<\/span><span data-preserver-spaces=\"true\">, though<\/span><span data-preserver-spaces=\"true\">, some factors signal that the asset might switch to a bullish mode in the short term.<\/span><span data-preserver-spaces=\"true\"> The popular analyst Ali Martinez recently <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1899237833648263398\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">odhalil<\/span><\/a><span data-preserver-spaces=\"true\"> that the investor sentiment around DOGE is \u201cat its most negative in over a year.\u201d\u00a0<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cHistorically, extreme fear has set the stage for major reversals. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> could be a prime opportunity to be a contrarian,\u201d he added.<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">Next on the list is the whales\u2019 activity. Martinez <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1899151515463418066\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">prohl\u00e1sil<\/span><\/a><span data-preserver-spaces=\"true\"> that large investors have purchased over 1.4 billion DOGE tokens in the past 24 hours. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The development reduces the circulating supply of the asset, potentially paving the way for a price rally (assuming demand doesn\u2019t head south). Additionally, the whales\u2019 accumulation signals confidence in the meme coin, which could encourage smaller players to hop on the bandwagon and inject fresh capital into the ecosystem.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Lastly, we will focus on DOGE\u2019s Relative Strength Index (RSI), which helps traders assess possible trend reversals. The technical analysis tool varies from 0 to 100, and readings below 30 typically suggest that Dogecoin is oversold and could be gearing up for a resurgence. As of this writing, the RSI <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cryptowaves.app\/relative-strength-index\/DOGE\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">stands<\/span><\/a><span data-preserver-spaces=\"true\"> around that particular bullish zone.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Awaiting for ETF, too<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Another element that may positively impact the price of Dogecoin is the potential approval of a spot DOGE exchange-traded fund (ETF) in the US. If greenlighted by the SEC, the product will enable investors to gain exposure to the meme coin without dealing with crypto exchanges or managing self-custody. This <\/span><span data-preserver-spaces=\"true\">could bring more people into the ecosystem and trigger an upward pressure on the asset\u2019s valuation.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The companies that have already displayed their intentions to introduce a DOGE ETF include Grayscale, Bitwise, and others. The securities regulator <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/dogecoin-doge-price-predictions-is-a-new-ath-incoming\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">acknowledged<\/span><\/a><span data-preserver-spaces=\"true\"> some of the applications over the past few months.<\/span><\/p>\n<p><a class=\"editor-rtfLink\" href=\"https:\/\/polymarket.com\/event\/doge-etf-approved-in-2025?tid=1741682161954\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">Podle<\/span><\/a><span data-preserver-spaces=\"true\"> to Polymarket, the approval odds before the end of the year stand at around 62%.\u00a0<\/span><\/p>\n<p>P\u0159\u00edsp\u011bvek <a href=\"https:\/\/cryptopotato.com\/3-reasons-why-dogecoin-doge-could-turn-bullish-again-soon\/\" rel=\"nofollow\">3 Reasons Why Dogecoin (DOGE) Could Turn Bullish Again Soon<\/a> se objevil jako prvn\u00ed na <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>TL;DR Despite a severe price drop, some factors like increased whale activity suggest a DOGE reversal might be just around the corner. A potential approval of a spot Dogecoin ETF could also contribute to a possible rally in the near future. The Bears to Step Back? The past few weeks have been devastating for the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>3 Reasons Why Dogecoin (DOGE) Could Turn Bullish Again Soon - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/cs\/3-reasons-why-dogecoin-doge-could-turn-bullish-again-soon\/\" \/>\n<meta property=\"og:locale\" content=\"cs_CZ\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Reasons Why Dogecoin (DOGE) Could Turn Bullish Again Soon - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"TL;DR Despite a severe price drop, some factors like increased whale activity suggest a DOGE reversal might be just around the corner. 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