Dogecoin (DOGE) has surged over 10% in the past 24 hours, trading around $0.1326, as buyers regain control and show strong recovery momentum. The cryptocurrency bounced from a 24-hour low of $0.1203 to an intraday high of $0.1329, maintaining a bullish stance. Technical analysis indicates that DOGE is attempting a short-term recovery, with the price moving above the middle Bollinger Band near $0.127, suggesting a positive outlook for bulls. Futures data reveals mixed short-term sentiment, with net outflows of $6.51M and $5.98M in the last 30 minutes and 1 hour, respectively, indicating some profit-taking. However, longer-term data shows net inflows of $21.48M, $14.73M, and $28.31M over 4-hour, 8-hour, and 12-hour periods, respectively, suggesting that larger players are gradually re-entering the market. This trend is further supported by 24-hour and 3-day net inflows of $91.99M and $38.26M, indicating a rebuilding of bullish positioning.
Dogecoin Rallies 10% as Buyers Regain Control, Futures Data Shows Confidence
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