contributor
Posted:
- DOGE lost its $0.30 support amid market turmoil from Trump’s high-stakes tariffs on three trade partners.
- What does the largest memecoin need to regain investor confidence?
Having lost more than 50% of its post-election gains from Q4 last year, it’s no wonder that Dogecoin [DOGE] is struggling with investor sentiment around HODLing.
But with a high-leverage setup in play, could a sharp rebound push DOGE back to $0.35, making sticking with the biggest memecoin the smart move?
The answer seems clear…
Since December, DOGE has held above $0.30, with hopes of a breakout to $0.48. Instead of a surge, the memecoin has defied expectations with a sharp drop.
Now at $0.25, its lowest since November, DOGE isn’t showing signs of overheating. Sell-side pressure still dominates, but a slight uptick in RSI hints at a possible rebound.
Interestingly, both retail investors and whales are back in accumulation mode. Wallets holding 10K-100K DOGE have added one billion coins. Smaller wallets are also loading up on 10-100 DOGE.
Source: Santiment
This growing interest could push Dogecoin into a holding pattern, setting the stage for a FOMO-fueled surge.
Meanwhile, the spot market is showing signs of aggressive buying. With Bitcoin holding steady, DOGE seems likely to consolidate between $0.21 and $0.28 in the near term.
But with a 40% drop from its yearly peak of $0.42, no doubt, short-sellers have been raking in profits from the market chaos.
Now, as the market shows signs of a potential rebound, could the $2.33 million in short squeeze just be the “tip” of the iceberg?
$35 million in DOGE positions at stake
To spark HODLing sentiment among traders, a rebound is crucial. With a solid liquidity cluster at $0.2759 with nearly $35 million in high-leverage shorts, a push higher could set up the perfect squeeze – targeting $0.35.
Source: Coinglass
Whales are re-accumulating, traders are buying the ‘dip,’ and Open Interest (OI) is up by 2%.
On-chain data supports the theory, but “onsistent” performance across these metrics is needed to confirm if DOGE can break free from its holding pattern.
Read Dogecoin’s [DOGE] Price Prediction 2025–2026
But right now, the real focus is keeping HODLing strong, especially after a 40% drop in under sixty days. A deeper pullback could drag DOGE closer to $0.15.
With so much at stake, this squeeze needs to go smoothly, and it all comes down to whale and spot activity – keep a close eye.