Dogecoin (DOGE) has exploded this week, with a weekly increase of 15% and trading volume surging by 80%!
On April 27, 2025, Dogecoin (DOGE) staged an epic performance, strongly breaking through $0.1923 and hitting a recent high! Although it briefly retraced to $0.1813, it still maintained a staggering 15% weekly increase, with trading volume surging by 29.63% to $1.96 billion! Market enthusiasm has ignited completely, with investors flooding in!
Elon Musk exits the 'Government Efficiency Department' (DOGE), yet Dogecoin soars against the trend?
This week, Tesla founder Elon Musk suddenly announced that he would significantly reduce his involvement in the U.S. 'Government Efficiency Department' (DOGE). This news should have raised market concerns, but Dogecoin surged instead, demonstrating strong market resilience!
Although Musk was once a core figure in the DOGE department, responsible for pushing the government streamlining plan, his exit did not affect market confidence in Dogecoin. On the contrary, with expectations rising for Bitcoin (BTC) to hit $100,000, DOGE, as the leader of meme coins, is entering a new round of frenzied bull market!
Technical analysis shows DOGE breaking through key resistance; $0.2 is within reach! With higher lows established, DOGE has formed a strong bullish structure! After stabilizing above $0.19, the next target is $0.195, potentially challenging the psychological barrier of $0.2! Key support level is $0.175; as long as it doesn't fall below, the upward trend will continue!
Two major super positives: ETF application + Bitcoin bull market boost!
Is a Dogecoin ETF on the way? Multiple institutions have submitted DOGE ETF applications to the SEC, and if approved, it will attract billions in institutional funds, fundamentally changing DOGE's market position!
Bitcoin bull market drive: If BTC breaks through $100,000, DOGE could see an even crazier rally, possibly repeating the hundredfold myth of 2021!
Can DOGE create a new legend?
Bullish side: DOGE is about to break through $0.2, targeting $0.25 or even higher!
Cautious side: Short-term gains have been too rapid, beware of retracement risks, with key support at $0.175.
ETF optimists: Once the SEC approves the DOGE ETF, the price could double and enter a new phase!
With the triple boost of the Bitcoin bull market, ETF expectations, and the Musk effect, DOGE is on the brink of a historic explosion! $0.2 is just the beginning; a bigger storm may be on the way!
