Dogecoin (DOGE) gained 18% this week, with multiple indicators suggesting a possible 300% rally by the end of 2025 if a key price level is reclaimed. Currently trading above $0.21, DOGE is forming a double bottom pattern on its daily chart, signaling a potential shift in momentum following a breakout from a long-term downtrend. The memecoin is consolidating between $0.19 and $0.21, and a break above $0.21 could lead to $0.25, the completion point of the double bottom. Technical analysis shows that reclaiming $0.25 could set the stage for a rally towards $1 once DOGE surpasses the $0.47 resistance level. On-chain data points to renewed demand, illustrated by a significant 67% increase in futures open interest and positive net buying pressure in the spot market. Additionally, long-term holders are experiencing moderate profits, suggesting a bullish sentiment in the market. Historically, major DOGE rallies have coincided with similar market conditions.

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