{"id":52138,"date":"2025-05-09T13:55:53","date_gmt":"2025-05-09T13:55:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/dogecoin-jumps-18-as-trade-deal-boosts-crypto-market-activity\/"},"modified":"2025-05-09T13:55:53","modified_gmt":"2025-05-09T13:55:53","slug":"dogecoin-jumps-18-as-trade-deal-boosts-crypto-market-activity","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/dogecoin-jumps-18-as-trade-deal-boosts-crypto-market-activity\/","title":{"rendered":"Dogecoin jumps 18% as trade deal boosts crypto market activity"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-33-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-33-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-33-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-33-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>The US-UK trade deal lifted investor sentiment across digital assets.<\/li>\n<li>At the time of writing on Friday, DOGE was trading at approximately $0.206.<\/li>\n<li>Open Interest rose 18% to $2.17 billion, driven by long positions.<\/li>\n<\/ul>\n<p class=\"\" data-start=\"134\" data-end=\"618\">Dogecoin (DOGE) surged 18% this week, reclaiming the $0.20 mark after breaking above key technical levels on Thursday.<\/p>\n<p class=\"\" data-start=\"134\" data-end=\"618\">The rally follows a new trade agreement signed between the United States and the United Kingdom, which triggered bullish momentum across the crypto market.<\/p>\n<p class=\"\" data-start=\"134\" data-end=\"618\">DOGE\u2019s upward move mirrors broader investor optimism, with market-wide recoveries helping it clear the 50-day and 100-day exponential moving averages (EMAs), historically strong resistance zones for the meme coin.<\/p>\n<p class=\"\" data-start=\"620\" data-end=\"912\">At the time of writing on Friday, DOGE was trading at approximately $0.206, having established a support base above $0.20.<\/p>\n<p class=\"\" data-start=\"620\" data-end=\"912\">The renewed interest was accompanied by a sharp rise in trading volume and derivatives activity, suggesting increased participation from institutional and retail traders.<\/p>\n<p data-start=\"620\" data-end=\"912\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-306832\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/05\/dogecoin-price.jpg\" alt=\"\" width=\"1515\" height=\"565\"\/><\/p>\n<p data-start=\"914\" data-end=\"968\">Source: <a href=\"https:\/\/coinmarketcap.com\/currencies\/dogecoin\/\">CoinMarketCap<\/a><\/p>\n<h2 class=\"\" data-start=\"914\" data-end=\"968\">$13 million in liquidations<\/h2>\n<p class=\"\" data-start=\"970\" data-end=\"1432\">Dogecoin\u2019s rally sparked a wave of liquidations in the futures market, with approximately $13 million worth of positions wiped out in the past 24 hours.<\/p>\n<p class=\"\" data-start=\"970\" data-end=\"1432\">According to <a href=\"https:\/\/www.coinglass.com\/currencies\/DOGE\">Coinglass data<\/a>, short liquidations made up the majority at $11.3 million, while longs accounted for just $1.6 million.<\/p>\n<p class=\"\" data-start=\"970\" data-end=\"1432\">This imbalance indicates a textbook short squeeze, where a sharp price increase forces traders with bearish positions to exit rapidly, pushing prices even higher in the process.<\/p>\n<p class=\"\" data-start=\"1434\" data-end=\"1772\">Open Interest (OI) in DOGE futures also jumped by 18% to $2.17 billion, a sign of growing trader appetite.<\/p>\n<p class=\"\" data-start=\"1434\" data-end=\"1772\">The surge in OI, particularly from long positions, suggests market participants are positioning for further upside.<\/p>\n<p class=\"\" data-start=\"1434\" data-end=\"1772\">Binance\u2019s long-to-short ratio of 2.4602 reinforces this trend, showing more traders betting on DOGE to move higher.<\/p>\n<p class=\"\" data-start=\"1774\" data-end=\"1987\">Volume activity added to the bullish confirmation. DOGE\u2019s 24-hour trading volume spiked 74.49% to reach $4.5 billion, with elevated volume during an uptrend generally viewed as a confirmation of momentum strength.<\/p>\n<h2 class=\"\" data-start=\"1989\" data-end=\"2041\">Inverse head and shoulders targets $0.24 breakout<\/h2>\n<p class=\"\" data-start=\"2043\" data-end=\"2434\">Dogecoin has broken out from a classic inverse head and shoulders formation, often seen as a bullish reversal signal.<\/p>\n<p class=\"\" data-start=\"2043\" data-end=\"2434\">The structure, observed on the daily chart, projects a potential 33% move from the breakout level, which puts the next price target at around $0.24.<\/p>\n<p class=\"\" data-start=\"2043\" data-end=\"2434\">The projection is based on the pattern\u2019s height measured from the head to the neckline and applied above the breakout point.<\/p>\n<p class=\"\" data-start=\"2436\" data-end=\"2738\">Currently, DOGE is attempting to stabilise above the 100-day EMA at $0.20.<\/p>\n<p class=\"\" data-start=\"2436\" data-end=\"2738\">If this support holds, the bullish momentum is likely to continue into the next sessions.<\/p>\n<p class=\"\" data-start=\"2436\" data-end=\"2738\">The MACD indicator also shows positive divergence, with green histogram bars above the centreline pointing to increasing upward pressure.<\/p>\n<p class=\"\" data-start=\"2740\" data-end=\"3041\">However, traders should remain cautious. The RSI has reached 70.31, entering the overbought zone.<\/p>\n<p class=\"\" data-start=\"2740\" data-end=\"3041\">While this does not immediately signal a reversal, it often precedes short-term corrections.<\/p>\n<p class=\"\" data-start=\"2740\" data-end=\"3041\">Should DOGE retreat from current levels, the 50-day EMA at $0.18 may serve as a key support and re-entry zone.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/dogecoin-jumps-18-as-trade-deal-boosts-crypto-market-activity\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) The US-UK trade deal lifted investor sentiment across digital assets. At the time of writing on Friday, DOGE was trading at approximately $0.206. Open Interest rose 18% to $2.17 billion, driven by long positions. Dogecoin (DOGE) surged 18% this week, reclaiming [&hellip;]<\/p>\n","protected":false},"author":3947362361,"featured_media":52139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/52138"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362361"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=52138"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/52138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/52139"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=52138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=52138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=52138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}