Bullish Dogecoin Price Signals Target $5 — Will Declining CVD Hinder Rally?

The Dogecoin price chart displayed successive ascending triangle breakouts, each signaling strong bullish momentum for Dogecoin.

Price initially consolidated before breaking out near $0.10, resulting in a sharp rally. The first breakout led to sustained gains, consolidating near $0.25.

A second triangle formed and broke upwards, targeting $0.75. Volume increased at each breakout, confirming buyer interest.

Another triangle breakout above $1.5 could precede a rally toward the anticipated $5 mark. Patterns reflected growing investor confidence and the potential for further advances.

Price movements aligned with predicted targets of $0.75, $1.5, and $5, showcasing technical precision. These patterns could signify Dogecoin’s readiness to surpass $5, contingent on continued market support and breakout confirmations.

Dogecoin Price Prediction

Further analysis of Dogecoin price showed historical closes peaking near $0.45 before stabilizing around $0.35.

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The prediction area highlighted potential price fluctuations between $0.32 and $0.38, reflecting reduced volatility.

The prediction mean indicated gradual stabilization, suggesting the price could remain near $0.35 this week.

Previous upward momentum transitioned into a consolidation phase, reflecting market cooling.

Historical trends showed sustained movement within the prediction range. DOGE price patterns suggested a steady phase, aligning with expectations of limited volatility near $0.35.

Dogecoin CVD Shows Declining Order Volumes Across All Categories

Additionally, the Cumulative Volume Delta (CVD) for Dogecoin indicated a sharp decline in order volumes across all categories.

From April to December 2024, total orders dropped by over 1.2 billion, with a steep decline from mid-November.

Large orders ($1 million to $10 million) experienced a noticeable spike before retracing sharply, signaling potential liquidation events or profit-taking.

Mid-range orders ($10,000 to $1 million) consistently declined, reflecting reduced market participation.

Smaller orders ($100 to $1,000) saw minimal fluctuations but remained relatively stable compared to higher-value trades.

In late November, a temporary increase in all categories suggested renewed buying pressure, which was unsustainable.

The overall trend demonstrated bearish sentiment, with cumulative volumes trending downward. The sharp decline in December indicated weakened demand across all groups, likely due to market uncertainty.

Future volume stabilization around these levels could suggest consolidation before a new trend emerges. Continued declines would reflect diminishing market confidence.

Patterns highlighted decreased trading activity, aligning with weakening market conditions for Dogecoin during the observed period.

Surging DOGE Futures Open Interest

Dogecoin futures holdings also reached 106.95 billion DOGE, reflecting increased market interest and price hike. Gate.io held 28.21 billion DOGE, leading with 26.37% market share.

Binance followed with 26.68 billion DOGE (24.94%), while Bybit managed 21.17 billion DOGE (19.77%). Bitget and OKX represented 10.86% and 9.56%, respectively.

Over 24 hours, total holdings increased by 5.47%, signaling strong accumulation trends. Binance and Gate.io saw 5.40% and 5.16% growth, respectively, with Bitget recording the largest increase at 12.13%.

BingX’s holdings grew by 2.18%, while Bybit added 2.97%. Open interest hit a record 10.35 billion, fueled by whale trades exceeding $100,000.

Breaking the 50-day SMA confirmed bullish momentum, with short-term resistance at $0.40. January’s 85% average returns could attract further funds, potentially pushing prices toward the $0.50 goal.

Predictions of $1 by 2025 remained viable if accumulation trends continued. Fund inflows could drive significant price fluctuations, further supporting upward movement.

Whale activity would likely determine the pace of resistance breakthroughs and the achievement of these key DOGE price levels.