Why Dogecoin Could Be on Track for a 50% Surge to $0.15

Dogecoin is drawing attention as buyers take advantage of the current dip, signaling optimism for a price rebound. With increasing demand, DOGE could be setting up for a significant recovery.

Onchain Market Depth data reveals that buyers are ready to scoop up 500 million Dogecoin if the price dips to $0.099, amounting to a massive $50 million investment. Meanwhile, sellers are offering 365 million coins, valued at $36.5 million, indicating strong buying pressure could push DOGE higher in the near future.

Additionally, wallet data shows an uptick in addresses holding 1-10 million DOGE, indicating accumulation both on exchanges and on-chain. Historically, this pattern has signaled bullish momentum for the meme coin.

Currently trading at $0.10, Dogecoin has solid support at this level. With capital inflows strengthening, as indicated by the Money Flow Index (MFI), DOGE could rally by 50%, reaching $0.15. However, failure to hold support could trigger a drop toward $0.091, invalidating the bullish outlook.
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