The revival of Dogecoin (DOGE) by about 25% over the week, after a previous drop of approximately 34% from July 21 to the beginning of August.
Current price: Reached $0.2468 with strong resistance at $0.25.
Technical support: A Golden Cross (the 50-day moving average crossing above the 200-day moving average) is approaching, which is an indicator that often precedes a strong upward movement.
The last time it happened, DOGE rose by more than 140% in a month (November 2024).
Positive factors:
Strong expectations for a reduction in US interest rates in September (90% probability).
The resolution of the Ripple vs. SEC case and improvement in the regulatory stance on crypto.
An executive order from Trump allowing the addition of digital currencies to retirement plans.
Important technical levels:
Strong support at $0.22.
In case of breaking $0.25: potential targets are $0.26, then $0.2875, then $0.30.
Some analysts expect the price to reach $1 before the end of 2025.
Cryptonews
