Dogecoin Price Outlook: Dogecoin Shows a Bullish Signal as Momentum Builds:

Dogecoin’s price continues to rise for the fourth consecutive day, boosting its bullish momentum.
The DOGE futures market is seeing a recovery in leverage-linked retail demand, pushing open interest to $1.67 billion.
On-chain data shows whale activity reached its highest level in 6 months on Thursday, reflecting intense interest from large-wallet investors.

As of the time of writing this report on Friday, the price of Dogecoin (DOGE) is trading above $0.1000 USD, gaining bullish momentum for the fourth day in a row and recording gains of nearly 10% this week. This coin, known as a “meme coin,” is gaining popularity among retail investors in the leveraged market and among major investors—known as “whales”—which is supporting its short-term rebound.

- Dogecoin regains market interest and attention from major investors:
Demand for Dogecoin is rising in spot and derivatives trading markets amid increasing whale activity, which typically signals a market shift toward meme-themed cryptocurrencies. CoinGlass data shows that the open trading volume for Dogecoin futures has increased by more than 3% over the past 24 hours, reaching $1.67 billion, reflecting an increase in position sizes. At the same time, the funding rate remains positive at 0.0013%, down from 0.0057% on Thursday, indicating a decline in bullish optimism among buyers holding long positions, and therefore a reduction in the price premium.

Dogecoin Derivatives Data. Source: CoinGlass

Santiment data shows that Dogecoin whale activity on-chain hit its highest level in six months on Thursday, with 739 transfer transactions worth more than $100,000. Meanwhile, 149 whale wallets holding more than 100 million DOGE expanded their holdings to a record high of 108.52 billion DOGE, confirming strong interest from major digital wallet investors.

Dogecoin Holdings Activity on the Blockchain. Source: Santiment

- How high could Dogecoin’s price go?
Dogecoin’s price shows a bullish trend in the near term, staying above the 50-day and 100-day exponential moving averages at $0.0975 and $0.1046, respectively, while the 200-day exponential moving average remains only at $0.1239 as a barrier for the overall trend. Momentum is strong, with the Relative Strength Index (RSI) nearing 74 on the daily chart, in the overbought zone, while the Moving Average Convergence Divergence (MACD) line extends above the signal line in the positive area with expanding bullish histograms. This suggests persistent upward pressure but also increases the risk of a price correction.

On the upside, initial resistance lies between the low recorded on December 31 at $0.1161 and the 200-day EMA at around $0.1239. A clear breakout above this barrier would strongly reinforce the overall bullish trend, targeting the highest level recorded on January 6 at $0.1565.

DOGE/USDT Daily Price Chart.

On the other hand, immediate attention throughout the day centers on the 100-day exponential moving average at $0.1046, which provides the first notable layer of technical support, followed by the psychological level at $0.1000, near the 50-day exponential moving average at $0.0975, where buyers are expected to reappear on deeper pullbacks.
$DOGE