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Dogecoin (DOGE) Price Prediction: Institutional Buying Drives Gains, Real Reversal or Bull Market Trap?
Dogecoin (DOGE) experienced a breakout rally, driven by Ethereum's strength and active institutional trading, rising from $0.1406 to an intraday high of $0.1532 and eventually closing near $0.1473. Despite the modest gain, the strength of the breakthrough has attracted significant attention in the market, especially against the backdrop of continuous net outflows of on-chain funds, DOGE still recorded a significant technical breakthrough.
The most notable signal of the day occurred between 15:00 and 17:00 GMT, with DOGE trading volume surging 312% compared to the usual day, exhibiting typical institutional or algorithmic buying characteristics rather than regular retail push. Meanwhile, on-chain data showed that despite a net outflow of approximately $4.81 million, active addresses surged to 67,511, the second-highest in three months, indicating a divergence between network usage activity and capital flows, suggesting that the bottom funds may be quietly accumulating.