📌 Market overview
Current price: $0.2499
24h volatility: +21.5%
Highest price of the day: $0.2499
Lowest price of the day: $0.2041
Market capitalization: Data not available
24h trading volume: Data not available
All-time high (ATH): $0.7386 (May 2021)
Dogecoin has surged in recent days, surpassing key resistance levels and attracting investor attention. This rally is supported by increasing activity from large investors and interest from the community.
📈 Technical analysis
Nearest resistance: $0.26 – $0.28
Strong support: $0.22
RSI (4H): 79.71 – overbought zone
MACD: Heading towards a bullish crossover
Fibonacci 0.382: $0.27 – next target if it surpasses $0.26
The 4-hour chart shows DOGE in a strong upward trend, with technical indicators supporting this rise. However, the high RSI indicates caution with the potential for short-term correction.
📊 Trading strategy
Scenario 1 – Open Long position
Reason for entry: Price surpasses the resistance level of $0.22 with increasing trading volume, confirming the upward trend.
Entry zone: $0.22 – $0.23
Stop-loss (SL): $0.20 (Below the nearest support)
Take-profit 1 (TP1): $0.26
Take-profit 2 (TP2): $0.28
Success probability: 70% (Based on technical signals and strong inflow)
Scenario 2 – Open Short position
Reason for entry: Price could not maintain above $0.26 and shows signs of a downward reversal.
Entry zone: $0.26 – $0.27
Stop-loss (SL): $0.28 (Above the nearest resistance)
Take-profit 1 (TP1): $0.23
Take-profit 2 (TP2): $0.22
Success probability: 60% (Based on the potential correction after the strong rally)
Note: The market is in an exuberant state; tight risk management is needed and technical signals should be closely monitored.
📰 Prominent news
Whales accumulating strongly: The number of large investors holding DOGE has significantly increased over the past week, with a strong total holding increase.
Trading volume surging: Daily trading volume on centralized and decentralized exchanges has exceeded $2.1 billion, higher than both Dogecoin ($3.14 billion) and Shiba Inu ($702 million).
Price forecast: Forecast models suggest DOGE could reach $0.27–$0.28 by the end of May 2025.
🔗 Trade DOGE