🐶Dogecoin shows strength, jumping +3.86% to $0.16285, before slightly correcting to $0.1604. The trading volume over the last 24 hours was 742 million DOGE, indicating sustained control by buyers.
What is important to know about Dogecoin right now:
* Short-term bullish reversal: After bouncing off the support zone at $0.152, DOGE is targeting the resistance level at $0.16358.
* Network activity: The Dogecoin network shows signs of life, although the activity of "whales" remains at the lowest level since October 2024 (about 66 large transactions per day).
* The community celebrates Dogeday: On April 20, the crypto community celebrated the unofficial "Dogecoin Day," which may have triggered a temporary spike in interest.
* Expectation of Dogecoin-ETF: Investors are keenly watching the developments regarding applications for a Dogecoin-ETF. Currently, four applications have been submitted, but the SEC suspended their review back in March.
* Market capitalization and trading volume: The current market capitalization of Dogecoin is around $23.8 - $24.46 billion, and the trading volume over the last 24 hours is fluctuating around $925 million - $1.3 billion.
Technical analysis:
On short-term charts, there is a bullish momentum after bouncing off key support at $0.1586. A breakout above $0.16643 could pave the way for further growth to $0.17830 and even $0.19401.
Be cautious: The meme coin market can be very volatile. Conduct your own analysis and consider the risks before making trading decisions.
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