Thursday, 15 May 2025
  • My Feed
  • My Interests
  • My Saves
  • History
  • Blog
Subscribe
Capernaum
  • Finance
    • Cryptocurrency
    • Stock Market
    • Real Estate
  • Lifestyle
    • Travel
    • Fashion
    • Cook
  • Technology
    • AI
    • Data Science
    • Machine Learning
  • Health
    HealthShow More
    Foods That Disrupt Our Microbiome
    Foods That Disrupt Our Microbiome

    Eating a diet filled with animal products can disrupt our microbiome faster…

    By capernaum
    Skincare as You Age Infographic
    Skincare as You Age Infographic

    When I dove into the scientific research for my book How Not…

    By capernaum
    Treating Fatty Liver Disease with Diet 
    Treating Fatty Liver Disease with Diet 

    What are the three sources of liver fat in fatty liver disease,…

    By capernaum
    Bird Flu: Emergence, Dangers, and Preventive Measures

    In the United States in January 2025 alone, approximately 20 million commercially-raised…

    By capernaum
    Inhospitable Hospital Food 
    Inhospitable Hospital Food 

    What do hospitals have to say for themselves about serving meals that…

    By capernaum
  • Sport
  • 🔥
  • Cryptocurrency
  • Data Science
  • Travel
  • Real Estate
  • AI
  • Technology
  • Machine Learning
  • Stock Market
  • Finance
  • Fashion
Font ResizerAa
CapernaumCapernaum
  • My Saves
  • My Interests
  • My Feed
  • History
  • Travel
  • Health
  • Technology
Search
  • Pages
    • Home
    • Blog Index
    • Contact Us
    • Search Page
    • 404 Page
  • Personalized
    • My Feed
    • My Saves
    • My Interests
    • History
  • Categories
    • Technology
    • Travel
    • Health
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Home » Blog » Analyst Predicts $5.6 Dogecoin Price Breakout as Open Interest Rebounds
Cryptocurrency

Analyst Predicts $5.6 Dogecoin Price Breakout as Open Interest Rebounds

capernaum
Last updated: 2025-04-18 01:30
capernaum
Share
Analyst Predicts $5.6 Dogecoin Price Breakout as Open Interest Rebounds
SHARE

Analyst Predicts $5.6 Dogecoin Price Breakout as Open Interest Rebounds

Contents
Dogecoin Price and Open Interest OutlookDOGE Price to $5.6?

A Dogecoin (DOGE) price breakout past its previous All-Time High (ATH) price is gradually becoming possible amid the current market setup. While still tied in a long-drawn consolidation, a potential breakout is ahead for the memecoin, according to predictions from market analysts.

Dogecoin Price and Open Interest Outlook

As of this writing, DOGE’s price has changed hands for $0.1569, which has increased by 3.3% in the past 24 hours. This price trend is a testament to how resilient the DOGE price is, having traded at a low spot value of $0.1532. The memecoin has traded at a very close range during this period.

The current DOGE outlook shows a bullish trend in the futures market as showcased by Open Interest data. Data from Coinglass pegs the total Dogecoin committed to the futures market at 9.87 billion DOGE. This was valued at $1.54 billion and has skyrocketed by more than 5% in 24 hours.

Top crypto exchanges like Binance, OKX, and Bybit saw the highest DOGE open interest record. While the price traded at a relatively close range, the open interest commitment proves that traders with leverage are betting on the asset. 

DOGE Price to $5.6?

Optimism trails Dogecoin, despite its spot value now trading down 78.71% from its ATH of $0.7376. Market analyst Dogedog told his more than 58,600 followers on X that the price of DOGE is heading to $5.6.

#Dogecoin heading to $5.60.

Breaking falling wedges. pic.twitter.com/XH7bwI7am4

— dogegod (@_dogegod_) April 17, 2025

While Dogegod did not provide a timeline or much context for his prediction, he highlighted how the memecoin breaks falling wedges. The analyst is not alone in his projection for the coin, as an earlier DOGE price analysis, Ali Martinez, predicted a $0.29 rally for the asset in the near term.

Although this price trend is not unrealistic, the broader market slowdown may serve as a bottleneck. Key performance metrics already tipped the Dogecoin price in line for a short-term breakout. With trading volume up 6% to more than $586 million as of writing, retail interest in the coin has further skyrocketed.

Dogecoin remains the lead among altcoins being considered for an exchange-traded fund (ETF) product. As reported earlier by CoinGape, 21Shares filed for a spot Dogecoin ETF, the latest asset manager to make the move. The belief is that an approval can usher in institutional funds, which can help fuel the coin’s price growth.

The post Analyst Predicts $5.6 Dogecoin Price Breakout as Open Interest Rebounds appeared first on CoinGape.

Share This Article
Twitter Email Copy Link Print
Previous Article Ethereum Layer 2 Arbitrum Unveils New Chain For RWA: Details Ethereum Layer 2 Arbitrum Unveils New Chain For RWA: Details
Next Article The CFPB announces sweeping job cuts: up to 90% gone
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Using RSS feeds, we aggregate news from trusted sources to ensure real-time updates on the latest events and trends. Stay ahead with timely, curated information designed to keep you informed and engaged.
TwitterFollow
TelegramFollow
LinkedInFollow
- Advertisement -
Ad imageAd image

You Might Also Like

Peter Schiff Mocks Michael Saylor for Creating Bitcoin’s Most Ironic Use
Cryptocurrency

Peter Schiff Mocks Michael Saylor for Creating Bitcoin’s Most Ironic Use

By capernaum
Profit-Taking Begins as Chinese Firm Buys $300 Million Worth of Trump Coin
Cryptocurrency

Profit-Taking Begins as Chinese Firm Buys $300 Million Worth of Trump Coin

By capernaum
Ukraine To Introduce Bill To Create Strategic Bitcoin Reserve
Cryptocurrency

Ukraine To Introduce Bill To Create Strategic Bitcoin Reserve

By capernaum
Shiba Inu Price At Risk of Death Cross as Open Interest Turns Bearish
Cryptocurrency

Shiba Inu Price At Risk of Death Cross as Open Interest Turns Bearish

By capernaum
Capernaum
Facebook Twitter Youtube Rss Medium

Capernaum :  Your instant connection to breaking news & stories . Stay informed with real-time coverage across  AI ,Data Science , Finance, Fashion , Travel, Health. Your trusted source for 24/7 insights and updates.

© Capernaum 2024. All Rights Reserved.

CapernaumCapernaum
Welcome Back!

Sign in to your account

Lost your password?