#لاتنسى_الصلاة_على_النبي #doge⚡
Current market situation (as of June 8, 2025):
* Price: The current price of Dogecoin is around $0.182357 to $0.183368 per DOGE. The coin has experienced some volatility over the past 24 hours, with some sources indicating a slight decline (-4.03%) while others indicate a slight increase (+2.45%).
* Market capitalization: The market capitalization of Dogecoin is approximately $27.28 billion to $27.43 billion, making it among the largest cryptocurrencies by market capitalization.
* Trading volume: The trading volume over 24 hours is around $809.15 million to $2.17 billion.
Technical analysis and forecasts for June 2025:
* Overall trend: Some analyses indicate that the 200-day moving average for Dogecoin has been trending downward since May 7, 2025, suggesting a weak long-term trend. However, other forecasts indicate attempts to regain momentum.
* Support and resistance levels:
* Nearby resistance levels: Levels such as $0.203 (50-day exponential moving average), $0.208 (100-day exponential moving average), and $0.216 (200-day exponential moving average) are indicated.
* Nearby support levels: Levels such as $0.185 are indicated, followed by $0.172.
* Relative Strength Index (RSI): The Relative Strength Index (RSI) indicates a neutral to negative area (around 42.39), suggesting that a break below 40 could lead to stronger selling pressure.
* June 2025 forecasts:
* Some sources expect the price of DOGE to range between $0.18 and $0.21 if consolidation continues.
* In the event of a return of bullish sentiment and an increase in the price of Dogecoin above moving average levels, the price may reach $0.24 to $0.26 in June 2025.
* Other forecasts from Binance suggest that the price of DOGE may reach $0.184105 by July 6, 2025.
Influencing factors and recent news:
* Elon Musk's support: Historically, Elon Musk's support has had a significant impact on the price of Dogecoin. However, there are reports indicating that "Elon Musk's support for Dogecoin has ended" and that the coin "faces fundamental challenges in the market" as of June 3, 2025. Musk seems to have been involved in discussions regarding government spending policies in the United States, which may have an indirect effect on his focus on cryptocurrencies.
* Regulatory policies: There are general news about cryptocurrencies indicating changes in the regulatory environment, such as the UK's Financial Conduct Authority (FCA) lifting the ban on retail purchases of crypto ETNs, and the Swiss government proposing to automatically exchange cryptocurrency asset data with 74 countries. These developments may impact the market overall.
* Broader cryptocurrency market movement: The price of Dogecoin is significantly influenced by the performance of major cryptocurrencies such as Bitcoin. Bitcoin has experienced some volatility around the $100,000 level in recent days, affecting the altcoin market overall.
* Speculation and 'meme coins': Dogecoin is still considered a 'meme coin', meaning its price can be significantly affected by speculation, social media trends, and general interest.
Important note:
* The price forecasts for cryptocurrencies carry a high degree of uncertainty.
* Investors should conduct their own research and make their investment decisions cautiously, considering that markets are highly volatile.