Dogecoin is currently hovering around $0.150. The rebound from the recent low of $0.1318 has been quite strong, and it has now climbed above both the 25-day moving average (~0.1458) and the 99-day moving average (~0.1437). However, the 7-day moving average (~0.1502) is still acting as resistance overhead—overall, the trend is leaning bullish.

Looking upwards, $0.155–0.156 is the recent high and serves as the first hurdle; if that level is broken cleanly, there’s potential to test $0.16 or even $0.165. On the downside, the 25-day moving average around $0.145 provides immediate support, with stronger support at the recent low of $0.132.

In terms of trading volume, the buying during this rebound has clearly increased, indicating solid buying strength. As long as the price stays above the 25- and 99-day moving averages, this bullish trend is likely to continue.

DOGE5.73%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes