Quick overview
Current price: 0.177 USD
Change over 24 hours: +4.2%
Trading volume: Up by 10% compared to the previous day — a sign of new liquidity entering.
Market cap: Increased significantly with rising interest in alternative coins.
Technical analysis
Moving averages:
The price is currently moving above the 50-day and 200-day moving averages, which is a strong bullish indicator.
The 50-day average is close to the 0.160 USD level, providing important support in case of any minor correction.
Relative Strength Index (RSI):
RSI currently at 68 — near entering the overbought territory, indicating the possibility of continued upward movement but with potential short-term corrections.
Other indicators:
The MACD indicator shows a positive crossover, confirming the bullish momentum of the coin.
Key support and resistance areas
Current support levels:
0.170 USD
0.160 USD (important strategic support)
Upcoming resistance levels:
0.185 USD (near psychological and technical resistance)
0.195 USD (if the first resistance is surpassed, this will be the next stop)
Factors affecting today
Increased interest across social media:
Dogecoin is trending in the cryptocurrency community, supporting emotional buying (FOMO).
General optimism in the alternative coin market:
After Bitcoin's movements above the 70,000 USD level, the focus has shifted to 'meme' coins and low-priced coins, with Dogecoin at the top of this list.
Speculations regarding Elon Musk's statements:
Rumors about a potential project to support payments via Dogecoin within the X app (formerly Twitter), increasing investor appetite.
Short-term forecasts (today and tomorrow)
As long as the price maintains a daily close above 0.170 USD, the upward trend remains strong.
If the resistance level at 0.185 USD is breached consistently, the next target will be at 0.195 then 0.210 USD in the coming days.
Quick recommendation for investors
Important alert:
The market may experience high volatility, especially with the entry of a sudden profit-taking wave — do not invest without a clear risk management plan!
