DOGE has witnessed an 18% increase this week, indicating potential for a 300% rally before the end of 2025. Following a long-term downtrend, DOGE formed a double bottom pattern, suggesting a bullish reversal. Currently trading above $0.21, DOGE has entered a consolidation phase between $0.19 and $0.21, which signals a healthy market retest. A break above $0.21 could lead to a target of $0.25, potentially paving the way toward $0.48, a price point from December 2024. Additionally, DOGE's weekly chart shows it may be within an ascending broadening wedge, indicating possible parabolic price behavior. Significant increases in Dogecoin's futures open interest add to the bullish sentiment, rising to $2.85 billion, while funding rates remain neutral, preventing market overheating. Long-term holders are entering the Optimism-Anxiety zone, signifying potential for reduced selling pressure. Historically, major DOGE price movements coincided with such shifts, supporting a promising outlook for dogecoin.

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