The meme coin Dogecoin (DOGE) is showing signs of a bullish trend after a period of decline. It is currently trading around $0.33, with a price surge of over 4.05% in the past 24 hours. Traders and investors have shown confidence in DOGE, leading to an increase in trading volume. Technical analysis suggests that DOGE is forming a bullish double-bottom pattern and could potentially soar by 25% to reach $0.41 if it holds its support level at $0.31. The Relative Strength Index (RSI) stands at 45, indicating potential for further rally. On-chain data shows a significant outflow of DOGE from exchanges to wallets, suggesting accumulation and creating buying pressure. The long/short ratio and top trader positions also indicate strong bullish sentiment. Combining these metrics with technical analysis, it appears that bulls are dominating DOGE and could help it reach the predicted level in the coming days.



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