300% DOGE price rally expected if this key price level is reclaimed

Key Points

1. DOGE gained 18% this week and is forming a double bottom pattern on the daily chart, with a breakout above $0.21 potentially leading to $0.25 and then $0.48.

2. Open Interest (OI) in DOGE futures markets surged 67% in July, rising from $1.70 billion to $2.85 billion, indicating strong bullish sentiment.

3. Long-Term Holder Net Unrealized Profit/Loss (LTH-NUPL) has entered the Optimism-Anxiety zone, a historical precursor to major DOGE breakouts.

4. The Cumulative Volume Delta (CVD) shows net buying pressure in the spot market, signaling real demand supporting the price action.

5. Previous DOGE breakouts in 2021 and 2024 began when LTH-NUPL moved into the Optimism-Anxiety zone, suggesting a similar trend may be forming.