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Dogecoin Eyes Breakout as Futures Interest Soars and MACD Signal Flashes Bullish

May 15, 2025
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Dogecoin ($DOGE), the internet’s favorite meme-inspired cryptocurrency, is grabbing attention once more, as technical indicators and derivatives market behavior hint at a potentially volatile upcoming price move.

Just what is going on with Dogecoin? Futures data and chart patterns suggest that our current low is a setup for a near-term move to the upside. While the token has recently pulled back from its all-time high, the data say that the real Dogecoin price story is tomorrow.

A development that is particularly interesting is the ongoing increase in Futures Open Interest (OI), which has skyrocketed a remarkable 63.9% over the past week. Starting from $989 million, it has moved to an almost unbelievable $1.62 billion now. This is the public making a very clear statement with their money, and it’s hard to see this as anything but a vote of confidence in an upcoming move higher.

As Dogecoin tests a crucial resistance level and the MACD indicates a likely imminent bullish crossover, more and more people who watch the markets seem to think that this memecoin is one the verge of staging yet another remarkable price rally, which could see its token retest the recent high of $0.72.

Open Interest Surges Despite Price Pullback

The price of Dogecoin has moved in a very different direction than that of its futures market. In the last week, even though the token looked to be pulling back and not going so high, the open interest on the futures situated on futures platforms climbed by almost 64%. This is just not normal. This is something that you should be studying with a magnifying glass. This is either a huge bullish signal or a huge bearish signal. At this moment, it’s looking like a huge bullish signal.

An increase in open interest usually indicates more speculation taking place, since it means more people are buying and selling futures contracts. Open interest reflects the total number of futures contracts that haven’t been settled. When traders buy and sell in the open market, they make the “interest” in open interest rise or fall. What’s nice about open interest is that it gives us a window into the kind of activity that traders are engaged in. When we see open interest rising, we know that traders are up to something. And that’s usually what we want to know about.

At present, OI is rising for Dogecoin, but it is a time when momentum has momentarily cooled. If this setup is not a sign of exhaustion, then it might be a classic case of the “calm before the storm.” We have certainly seen this dynamic play out in previous Dogecoin rallies, where speculative positioning grew just prior to the token blowing up in value.

MACD Crossover Points to Historical Pattern

The weekly chart for Dogecoin shows a technical setup that leans toward a bullish outlook. The Moving Average Convergence Divergence, a widely followed momentum indicator, is on the verge of a bullish crossover. This setup generally indicates that a trending move is likely. A move here would favor the bulls since it would carry Dogecoin from an overall downtrend for most of 2022 to what appears to be a potential uptrend.

This moment is especially important because of what has happened in the past. The last two times that Dogecoin made a bullish crossover on the weekly MACD, it produced huge gains afterward: first a 165% rally, then a stunning 330% surge. Both of these events took place with the token at much lower price levels than where it is now—which may well underscore the increasing maturity and momentum of this present cycle.

Currently, the MACD is sending out the same signal, and with DOGE trading at an even stronger base, we see traders now looking at that $0.72 level as a realistic next target. To be clear, what you see here is not financial advice, and we’re just trying to inform you on the current state of affairs. That said, a confirmed bullish crossover with momentum that follows suit could have DOGE on the edge of another parabolic run.

Resistance in Focus, Market Poised for Decision

Presently, Dogecoin occupies a crucial resistance area, where prior surges have halted and retracements have started. If the meme coin blasts through this important price point, it would probably set off a new wave of bullishness—which could be particularly potent because traders are already loaded up on bullish futures contracts.

Currently, the most important price levels to observe for DOGE are just above $0.60 and $0.72, with the latter chosen as the next key landmark because it represents a major psychological and technical target. If Dogecoin can scale this wall and do so convincingly—meaning on decent trade volume—it would signal that a new uptrend for the meme cryptocurrency is underway.

Dogecoin, even with a root as a meme, still commands serious attention from traders, analysts, and even institutional players.

It has viral appeal and community support that is almost unreal. These two factors alone should make it one of the most watched altcoins in the space, but there is also something else. The technical trading patterns that Dogecoin is forming are becoming increasingly clear.

As the crypto world talks more and more about the possibility of a new Bull run, some of the stars seem to be aligning for Dogecoin to be at the very center of that conversation. We don’t yet know if what happened in 2021 will happen again, but we do know that wallets are ready, and the next few weeks will be very important for Dogecoin’s 2025 trajectory.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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