As of the morning of April 29, 2025, the price of Dogecoin (DOGE) is trading at $0.1799, slightly up 0.0139% in the past 24 hours.
Highest price of the day: $0.1824
Lowest price of the day: $0.1748
24h trading volume: $1.3 billion
Market capitalization: $26.8 billion
2. Short-Term Technical Analysis
Resistance: $0.1850 – $0.1900
Support: $0.1750 – $0.1780
RSI (Relative Strength Index): Around 55, indicating a neutral trend with accumulation potential.
Trading strategy
Long scenario: If DOGE holds above the support area of $0.1750 and shows bullish signals, a Long position may be opened with a target of $0.1850.
Short scenario: If DOGE drops below $0.1750 with high volume, consider opening a Short position with a target of $0.1700.
3. Long-Term Investment Strategy
Dogecoin continues to receive attention from the community and major investors. Some analyses suggest that DOGE could reach $0.30 if it surpasses the current resistance level.
Long-term strategy:
Accumulation: Gradually buy DOGE as the price adjusts to the strong support area.
Holding: Keep DOGE in a long-term investment portfolio, especially if there are more practical applications or support from influential figures.
4. Highlighted News
Increased trading volume: DOGE recorded a 41% increase in trading volume, indicating growing interest from the market.
Positive technical analysis: DOGE has broken through the resistance trend line, opening up the possibility of price increases in the near future.
In summary:
Short-term trading: Monitor the support area of $0.1750 – $0.1780 to identify Long opportunities.
Long-term investment: DOGE remains an attractive option with growth potential if it continues to receive support from the community and other positive factors.
