🐶 $DOGE Price Analysis: Momentum Favors Further Gains 🚀
📈 DOGE is gaining traction, up 2% in 24h, now trading at $0.1814 with a $26.9B valuation and $1.5B daily volume. It's one of the top gainers among the top 10 cryptos, fueled by altseason 2025 hype.
💼 The rally is driven by rising Futures Open Interest (OI), which jumped from $1.3B to $2B in two weeks. Whale activity is on the rise too, with institutions like 21Shares exploring a spot DOGE ETF.
🌐 Dogecoin’s strong online community, backed by Elon Musk, is expanding. Meanwhile, core developers are working on a major DeFi upgrade to compete with L1 chains like Ethereum and Solana.
📊 From a technical view, DOGE has broken out of a multi-week downtrend. The chart shows an inverse head and shoulders pattern, a bullish RSI divergence, and a MACD line ready to cross the signal — all pointing to buyer dominance.
🎯 With momentum building, DOGE may rally to $0.23, with a longer-term target at $0.48 if bullish sentiment continues.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.