Dogecoin (DOGE) has surprised investors time and again with its ability to create momentum in the market. From social media hype to active crypto trading activity, Dogecoin has been the center of attention for traders and supporters. While the cryptocurrency market remains volatile, Dogecoin’s recent actions suggest that the memecoin is preparing for another bull run.

Cash flow in

The 19% increase in net inflows to the network shows that more DOGE is being sent to exchanges than withdrawn. This positive inflow suggests that investors are preparing for potential price movements, possibly growth.

Increased inflows can sometimes signal bullish market sentiment, as traders prepare to take profits in the future.

$5 million at stake, bulls ready to jump in

Coinglass data continues to show bullish signals. The Dogecoin liquidation pool is currently at over $5 million at a price of $0.108. This means there is a fair amount of interest and leverage in the market, betting on the uptrend.

Large liquidation pools typically reflect strong market activity and, in most cases, will trigger further price increases if market sentiment continues to hold.

Positive Social Sentiment Fuels DOGE's Price Surge

According to Santiment data, Dogecoin’s social media engagement and discussion levels have seen spikes over the past month. While this is not a direct driver of price action, it is certainly an important sentiment indicator.

Typically, increased social media discussion is a sign of community interest and engagement in the market.

With a large liquidation pool, a spike in social media engagement, and a 19% increase in net inflows, the current sentiment towards Dogecoin is relatively bullish.

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