{"id":461481,"date":"2024-09-22T06:00:53","date_gmt":"2024-09-22T06:00:53","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=855665"},"modified":"2024-09-22T06:00:53","modified_gmt":"2024-09-22T06:00:53","slug":"why-dogecoin-could-be-ready-for-a-big-bull-run-again","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2024\/09\/22\/why-dogecoin-could-be-ready-for-a-big-bull-run-again\/","title":{"rendered":"Why Dogecoin Could Be Ready for a Big Bull Run Again"},"content":{"rendered":"<ul>\n<li><strong>DOGE is showing signs of another major bull run, echoing patterns from 2017 and 2021.<\/strong><\/li>\n<li><strong>Increased Open Interest and strong on-chain activity signal a potential DOGE rally soon.<\/strong><\/li>\n<\/ul>\n<hr>\n<p>According to renowned crypto analyst <a href=\"https:\/\/twitter.com\/JavonTM1\/status\/1837221187904057541\">Javon Marks<\/a>, Dogecoin (DOGE) could be on the cusp of another massive rise to new all-time highs. Drawing on DOGE\u2019s past behavior, Marks claims that the meme coin is nearing completion before recreating the explosive patterns witnessed in 2017 and 2021.<\/p>\n<p>During those years, many cryptocurrencies saw massive increases during their own bull runs, and DOGE was no exception. This time, Marks sees a similar bullish pattern building, implying that <span><a href=\"https:\/\/www.crypto-news-flash.com\/dogecoin-historical-patterns-signal-another-major-altcoin-rally-soon\/\">DOGE<\/a><\/span> may be about to set another record.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DOGE<\/a> (Dogecoin), based on its historical performances, can be gearing up and its final stages here before yet another monumental move to new All Time Highs \ud83e\udde8! <a href=\"https:\/\/t.co\/XxJoqXdC6A\">pic.twitter.com\/XxJoqXdC6A<\/a><\/p>\n<p>\u2014 JAVON\u26a1\ufe0fMARKS (@JavonTM1) <a href=\"https:\/\/twitter.com\/JavonTM1\/status\/1837221187904057541?ref_src=twsrc%5Etfw\">September 20, 2024<\/a><\/p>\n<\/blockquote>\n<h2><strong>CoinGlass Data Signals Growing Trader Interest and Bullish Outlook for DOGE&nbsp;<\/strong><\/h2>\n<p>Adding to the bullish sentiment, CoinGlass <a href=\"https:\/\/www.coinglass.com\/currencies\/DOGE\">data<\/a> shows that DOGE\u2019s Open Interest has increased by 5.68%, reaching $518.93 million. Open Interest is an important metric in the cryptocurrency market since it shows the total number of outstanding derivative contracts.<\/p>\n<figure id=\"attachment_855668\" aria-describedby=\"caption-attachment-855668\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-855668 size-full\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/09\/DOGE-OI.png\" alt width=\"1846\" height=\"476\"><img loading=\"lazy\" decoding=\"async\" class=\"lazyload wp-image-855668 size-full\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/09\/DOGE-OI.png\" alt width=\"1846\" height=\"476\" data-sizes=\"(max-width: 1846px) 100vw, 1846px\"><figcaption id=\"caption-attachment-855668\" class=\"wp-caption-text\">Source: CoinGlass<\/figcaption><\/figure>\n<p>The increase in Open Interest indicates increased market interest in <span><a href=\"https:\/\/www.crypto-news-flash.com\/dogecoin-price-prediction-heats-up-as-transactions-reach-3-month-high\/\">DOGE<\/a><\/span>, implying that more traders are actively engaged in positions involving the asset. This could indicate that a large price movement is on the way, as increases in Open Interest sometimes precede sharp market shifts.<\/p>\n<p>Furthermore, the Long\/Short ratio for DOGE during the last 24 hours is 1.0222, according to CoinGlass data. This ratio shows that there are somewhat more long positions than short positions.<\/p>\n<figure id=\"attachment_855677\" aria-describedby=\"caption-attachment-855677\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-855677 size-full\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/09\/DOGE-LSR.png\" alt width=\"1856\" height=\"590\"><img loading=\"lazy\" decoding=\"async\" class=\"lazyload wp-image-855677 size-full\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/09\/DOGE-LSR.png\" alt width=\"1856\" height=\"590\" data-sizes=\"(max-width: 1856px) 100vw, 1856px\"><figcaption id=\"caption-attachment-855677\" class=\"wp-caption-text\">Source: CoinGlass<\/figcaption><\/figure>\n<p>A ratio greater than one indicates a positive attitude among traders, implying that the market anticipates DOGE\u2019s price to rise in the short term. This supports the thesis that the meme coin is poised for another upward trajectory.<\/p>\n<p>Previously, CNF <span><a href=\"https:\/\/www.crypto-news-flash.com\/doge-transactions-surge-past-1-93-million-to-outperform-peers-bullish-signs-for-dogecoin\/\">noted<\/a><\/span> that DOGE is poised for a bullish surge as on-chain activity continues to thrive, with weekly transactions exceeding an astonishing 1.93 million. This surge in on-chain activity shows greater network usage and interest, which is frequently a precursor to major price increases.<\/p>\n<p>Furthermore, one analyst stated that DOGE has consistently outpaced Bitcoin in every market cycle, implying that this cycle may follow the same pattern, bolstering the notion of an imminent bullish period for DOGE.<\/p>\n<p>DOGE is currently trading around <strong>$0.1082<\/strong>, up<span><strong> 3.14%<\/strong><\/span> over the last 24 hours, with a trading volume of $512.04 million.<\/p>\n<hr>\n<h6>Recommended for you:<\/h6>\n<div class=\"tve-leads-shortcode tve-leads-triggered tve-tl-anim tl-anim-instant tve-leads-track-shortcode_228374\">\n<div class=\"tl-style\" id=\"tve_tcb2_set-001\" data-state=\"50\" data-form-state>\n<div class=\"tve-leads-conversion-object\" data-tl-type=\"shortcode_228374\">\n<div class=\"tve_flt\">\n<div id=\"tve_editor\" class=\"tve_shortcode_editor\">\n<div class=\"thrv-leads-form-box tve_no_drag tve_no_icons thrv_wrapper tve_editor_main_content thrv-leads-in-content tve_empty_dropzone\" data-css=\"tve-u-185a09262cb\">\n<div class=\"thrv_wrapper thrv_text_element\">\n<p data-css=\"tve-u-185a09262d4\"><span data-css=\"tve-u-185a09262d5\">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; No spam, no lies, only insights. You can unsubscribe at any time.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.crypto-news-flash.com\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DOGE is showing signs of another major bull run, echoing patterns from 2017 and 2021. Increased Open Interest and strong on-chain activity signal a potential DOGE rally soon. According to renowned crypto analyst Javon Marks, Dogecoin (DOGE) could be on the cusp of another massive rise to new all-time highs. Drawing on DOGE\u2019s past behavior, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":461482,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[972,405,25],"class_list":{"0":"post-461481","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-other","8":"tag-doge","9":"tag-dogecoin","10":"tag-news"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/461481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=461481"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/461481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/461482"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=461481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=461481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=461481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}