Key Insights:
- Looking at the daily chart, Dogecoin news predictions suggest that a potential 20% rally is on the horizon.
- Dogecoin has finally broken out from the prolonged descending trendline since January 2025.
- This breakout was accompanied by the rising whales’ interest and a shift in the overall market sentiment.
A sentiment shift and a whale interest surge have brought Dogecoin (DOGE) into the spotlight. Dogecoin news predictions about its future price movements are gaining attention.
These discussions provide insights into where the meme coin might head in the coming days. On April 12, 2025, crypto sentiment shifted again. This resulted in a massive upside rally and notable buying pressure across the market.
Amid discussions of Dogecoin news predictions, DOGE saw a 3.50% rise in the last 24 hours. At the time, it was trading close to $0.166.
However, its trading volume dropped by 7% during the same period. This indicated lower participation from traders and investors than the previous day.
DOGE Rallies Amid Breakout: Key Dogecoin News Predictions Ahead
This decent upward move in DOGE has finally opened the path for a potential massive rally. According to expert technical analysis, the meme coin has broken out of a descending trendline. It has acted as a strong resistance since January 2025.
However, the breakout has not yet been confirmed. This will only be validated if DOGE closes a daily candle above the trendline.
If this materializes, Dogecoin news predictions indicate a potential 20% rally ahead. DOGE could rise further, possibly hitting the $0.22 mark in the coming days.
On the other hand, if the daily candle doesn’t close above the trendline, this bullish Dogecoin news prediction will be invalid. Also, the price may experience a downside move until it reaches the support level of $0.14.
At press time, DOGE was trading below the 200 Exponential Moving Average (EMA) on the daily time frame. This technical indicator suggested that the current trend of the meme coin is still bearish. Traders use this indicator as a tool to identify shorting opportunities.
Crypto Whales Buy 80 million DOGE coins: Time to Buy?
In addition to Dogecoin news predictions, Ali charts recently shared a post on X. The analyst highlighted Santiment data that crypto whales bought over 80 million DOGE meme coins on April 11, 2025.
This substantial purchase by whales was made before the meme coin’s breakout from the trendline and has driven an upside rally. This notable purchase by whales signals an ideal buying opportunity.
Bullish On-Chain Metrics
In addition to the whales’ recent purchases, Coinglass reported that investors and long-term holders have been steadily accumulating tokens. This trend underscored growing confidence in the asset’s potential.
Spot inflow/outflow metrics revealed that exchanges experienced a notable outflow of $4.71 million worth of DOGE meme coins. This data highlighted increased activity and potential accumulation trends.
This substantial outflow from exchanges hints at potential accumulation and strengthens the bullish outlook for DOGE.
Meanwhile, not only have long-term holders shown interest in the DOGE memecoins. However, data also revealed that traders have strong bets on the long side.
Over the past 24 hours, traders have built longer than short positions. The DOGE long/short ratio chart of Coinglass showed the same, which stood at 1.031. This indicated strong bullish sentiment among traders.
During the same period, DOGE open interest (OI) soared by 10%, indicating that traders had built more long positions. When combining all these on-chain metrics with Dogecoin news predictions, the bulls are back and have dominated the meme coin.