Will increase by 25%! But first, DOGE must break this threshold.

Dogecoin (DOGE) has once again drawn attention from the market after breaking through a local resistance level. However, just as the bullish trend began to form distinctly, a concerning piece of information has emerged, serving as a timely warning for investors.

The bullish sentiment is rising... until this hits!

According to data from Whale Alert, an anonymous "whale" has just transferred 155 million DOGE to a Robinhood exchange wallet. Large-scale transactions like this always draw attention from the market, especially when they occur right after a strong bullish rally.

Although it cannot be confirmed that this is a "dumping" action, the timing of the transfer is enough to ignite concerns among traders about the possibility that this is a selling scheme. In the crypto market, when big players deposit tokens onto centralized exchanges, it often implies preparation for selling, which can easily break the optimistic sentiment, unless the buying power from retail investors or the derivatives market is strong enough to absorb this sudden supply.

Fear the whale, but keep an eye on the data…

Data from CoinGlass shows that traders and investors seem to be placing their trust in a bullish trend, as evidenced by the accumulation of tokens and betting on Long positions.

As of now, the liquidation volume of Long leverage for DOGE has reached 22.64 million dollars — surpassing the figure of 18.85 million dollars from Short positions.

Notably, most of the leverage is concentrated around the price range of 0.1876 – 0.1984 dollars, indicating that this could be a short-term support or resistance area that the market is closely monitoring.

Source: CoinGlassIf the price continues to increase, this area could act as a "liquidation magnet," potentially triggering a short squeeze and setting the stage for the next bullish wave.

Notably, at the time of analysis, the accumulated Long leverage liquidation volume on Binance and Bybit is at an unusual high — this reflects a strong level of confidence from traders on these major platforms.

In addition, data from the spot market also reinforces the positive trend. In the past 24 hours, exchanges have recorded outflows worth 6.32 million dollars from the memecoin DOGE.

Source: CoinGlassSignificant outflows after the breakout, along with a noticeable shift in market sentiment, are signs that the accumulation process is underway. This could create increasing buying pressure and pave the way for the next price breakout.

When placed in the context of recent transactions, these data show that buyers are gradually gaining the upper hand — a trend that is clearly reflected in the price movements of memecoins.

Bullish 4.7**% in 24 hours — has the real rally not even started?**

As of the time of writing, Dogecoin is trading around the $0.20 mark, recording a 4.7% increase in the last 24 hours. It's no surprise that this bullish momentum quickly draws attention from both traders and investors, with trading volume exploding over 65% during the same period.

Technical chart analysis shows that DOGE is sending clear bullish signals and may be preparing for a strong breakout. After breaking through the long-term downtrend line, this memecoin has increased by an additional 5% and reached the short-term resistance level at $0.196 — a threshold it seems to be preparing to break in the near future.

! DOGE Source: TradingViewHowever, the real challenge is still ahead. If DOGE is able to close the day's candle above $0.1985, this could confirm a solid breakout pattern, opening up the possibility for a strong rally towards the $0.25 mark — equivalent to a nearly 25% increase from the current price.

Minh Anh