💹 1. Current price performance
- Spot price: $DOGE
- $0.1979
- Market capitalization: $30.21 billion, ranked 8th globally among cryptocurrencies.
- Daily trend: Up by 2.19%-3.04%, affected by the rise of the overall cryptocurrency market led by Bitcoin ($109,537).
📊 2. Technical analysis and indicators
- Support and resistance levels:
- Immediate support: $0.194 (key rebound point today).
- Strong resistance: $0.20 (psychological and technical barrier).
- Technical indicators:
- RSI: At 49.6 (neutral), indicates no overbought or oversold conditions.
- MACD: Weak bullish crossover, needs trading volume support to enhance momentum.
- Moving Averages: Price above the 200-day average ($0.201), a positive long-term signal.
- Price Pattern: "V" shaped recovery from support at $0.194, with a high trading volume of 589 million DOGE at the peak of the rise.
🔮 Short-term forecasts
- Next week:
- Expected rise to $0.22945 (+17.59%) by July 11, 2025, based on market indicators analysis.
- Buy signals from short-term moving averages (SMA 3, 5, 10 days).
- Potential scenarios:
- Break above $0.20: May open the door for a rise to $0.213-$0.224.
- Decline below $0.194: May retest support at $0.172.
⚠️ Important warnings
- High volatility: DOGE is subject to rapid changes due to its nature as a "meme coin."
- Reliance on news: Any negative announcement about cryptocurrency regulations or an influential tweet may cause a rapid collapse.
- Investment advice: Analysis is not financial advice; consult an expert before investing.
Summary
Today, DOGE shows an upward performance supported by overall market improvement and ETF expectations, but it faces resistance at $0.20. Short-term forecasts are positive with a potential rise to $0.229, but the risks associated with market volatility and celebrity influence require caution. It is recommended to follow volume indicators and moving averages to confirm the trend 📉➡️📈.#CryptoRoundTableRemarks
