📈 Analysis and forecast for $DOGE : time to enter? 🚀
As of May 24, 2025, 08:25 EEST, the price of $DOGE on Binance is $0.22812, down 8% in the last 24 hours. The trading volume for the day is about $2.37B, market capitalization is $34.51B (with a circulating supply of 149.39B DOGE). On X, sentiment is mixed: users see support at $0.21 but note bearish momentum after testing resistance.
Technically, $DOGE in a downward trend. On the 4-hour chart, the price has dropped below the 50-day moving average ($0.24), and the RSI (14) at 42 indicates an approach to oversold conditions. Key levels: support — $0.21, resistance — $0.23. A drop below $0.21 could lead to a decline to $0.19, but a bounce above $0.23 would open the way to $0.25.
Forecast: in the short term (until the end of May), DOGE could fall to $0.21 if pressure persists. By July 2025, a bounce to $0.28 is possible with positive news and an increase in meme coins. The long-term target for 2026 is $0.50+, assuming support from influencers and the market. Volatility and the lack of fundamental drivers remain a risk.
Time to enter? After an 8% drop and the current price of $0.22812, entry is possible upon testing support at $0.21 with confirmation of a reversal (increase in volume and closing above $0.22). Set a stop-loss at $0.205 for protection. The current level is risky for short-term traders — it’s better to wait for a bounce signal. Keep an eye on BTC dynamics and news — the market is extremely unstable! #DOGE #Binance #CryptoAnalysis
