DOGE is about to rebound against the trend! Analysts predict a 30% big pump, and the divergence in the futures open interest suggests long positions are building up | DOGE price prediction

DOGE fell back to the $0.22 range last Sunday, but the technical indicators suggest that the pullback may be a brief whipsaw. Well-known analyst Ali Martinez discovered that a symmetrical triangle structure has formed on the 4-hour chart, with a breakout target aimed at the psychological level of $0.3. The open interest in futures has risen against the price, reaching $3.6 billion, combined with the expected approval of DOGE ETFs by institutions like Grayscale, these two catalysts may ignite a long positions rally.

▌ Technical structure breakthrough imminent: Symmetrical triangle targets $0.3 Affected by Powell's dovish speech at Jackson Hole, DOGE recently rebounded 15% from a low of $0.207 to $0.24. Although it pulled back some gains over the weekend, the 4-hour chart has formed a symmetrical triangle consolidation pattern. Analyst Ali Martinez (with over 152,000 followers on X platform) pointed out that a breakout from this structure is usually accompanied by trend acceleration, with a theoretical price target of 1.5 times the vertical height of the triangle, corresponding to the key resistance level of $0.3.

▌ The futures market is currently showing a bullish divergence: Open interest has risen against the trend to 3.6 billion USD Despite the price pullback, the open interest of DOGE futures increased from $3.59 billion to $3.6 billion, indicating continuous capital inflow into the derivatives market. This divergence between price and open interest typically signals a trend reversal—when prices fall while open interest rises, it suggests that short momentum is waning and new long positions are being established, laying the foundation for subsequent pump.

▌ Dual Catalysts Driving: ETF Expectations and Macroeconomic Policy Dividends

1. Institutional ETF Application Progress: The market's expectations for the approval of the DOGE ETFs by Grayscale, Bitwise, and 21Shares within the year continue to heat up. If successful, it will open up traditional capital inflow.
2. Federal Reserve Rate Cut Cycle: Powell clearly stated that a rate cut may be initiated in September, which will directly benefit the meme sector as risk asset preferences rebound. The DOGE daily chart has formed an upward channel, with the price stabilizing above the 50-day moving average and breaking through the upper bound of the Murray Math trading range. Attention should be paid to the outcome of the contest at the 0.2440 USD pivot point.

▌ Key Position Analysis: Breakthrough 0.2440 Confirms Long Positions Trend

(Source: TradingView)

Currently, DOGE is near the middle of the rising channel. A breakthrough of the strong resistance at $0.2440 during the day will confirm the restart of the long positions trend, with the subsequent target being the upper channel at $0.3 (a potential rise of 30% from the current price). On the downside risk, if the support level of $0.2 is lost, the bullish structure will fail, and it may revisit the area of the April low of $0.1315.

[Conclusion] When the futures market bets on divergence signals with real gold and silver, and when technical and fundamental catalysts resonate, the brief pullback of DOGE may become the last opportunity for long positions. The battle at $0.244 will determine the success or failure of the potential 30% rise, while the two major expectations of ETF and interest rate cuts are weaving a new narrative behind the scenes— the horn of meme season may just have begun.