Dogecoin Surges 11%, Liquidation Imbalance Reaches 875%, Price Could Explode to $0.30

Dogecoin (DOGE) has surged 11.34% in the last 24 hours, setting a liquidation imbalance of 875%. The trading volume has spiked 165.15% to $5.42 billion. Analyst Ali Martinez predicts a possible 40% price increase, potentially reaching $0.30. However, this is subject to ecosystem bulls' activities and whale activity, which has seen $90.79 million in purchases in the last 10 days.

Dogecoin (DOGE) has experienced a significant surge in the last 24 hours, with a 11.34% increase in its price, setting a liquidation imbalance of 875%. The trading volume has also spiked, rising by 165.15% to $5.42 billion. Analyst Ali Martinez predicts a potential 40% price increase, which could see DOGE reaching $0.30. However, this projection is contingent on continued ecosystem bullish activities and whale activity, which has seen $90.79 million in purchases over the last 10 days.

The recent rally can be attributed to several key factors. The Federal Reserve's softer stance on crypto banking rules and Wyoming's launch of the first state-backed stablecoin have boosted sentiment around digital assets. Additionally, a high-profile mining acquisition by a Trump-linked entity, Thumzup, has further solidified institutional participation in the token [1].

Technical analysis indicates that DOGE's price action shows potential for further gains, with support at $0.21 and resistance at $0.24. The token has been trading within a $0.02 range, with the sharpest move occurring at 14:00 GMT on August 22, when DOGE spiked from $0.21 to $0.23 on 4.27B volume, nearly quadruple the hourly average [1].

On-chain data also supports the bullish sentiment. Long-term holders have become increasingly bullish, adding 4.9 billion DOGE to their bags over the last two weeks, worth a massive $1.98 billion. This accumulation, combined with a sharp decline in selling pressure, suggests that downward pressure on the DOGE price is likely to ease, setting the stage for a potential recovery [2].

Despite the recent threats of a Monero-like 51% attack, the confidence of major holders in DOGE's long-term outlook remains strong. The price of DOGE has been moving sideways following the rejection at $0.25, currently flirting with $0.21. However, the technical setup indicates a potential breakout, with the price forming a rounding bottom pattern reminiscent of 2024 [2].

The open interest in Dogecoin futures has also seen a significant surge, with investors committing over 15 billion DOGE worth about $3.42 billion to the derivatives market. This strong open interest suggests that ecosystem holders are bullish about DOGE [4].

In conclusion, Dogecoin's recent surge can be attributed to a combination of favorable market conditions, institutional interest, and strong on-chain metrics. While the path to $1 may be challenging due to bearish chart patterns, the current bullish sentiment and whale activity suggest a potential recovery to $0.30, as predicted by analyst Ali Martinez.

References:
[1] https://www.coindesk.com/markets/2025/08/23/dogecoin-bullish-structure-forms-after-high-volume-breakout-sees-11-doge-surge
[2] https://finance.yahoo.com/news/dogecoin-price-recovery-ahead-investors-142935344.html
[4] https://u.today/15150000000-dogecoin-in-24-hours-big-open-interest-switch-emerges