🐶 $DOGE price at $0.20: Will momentum push it to $0.26?
🚀 DOGE hit $0.20 for the first time since May 30 after bottoming at $0.166 on June 5. Its 24h trading volume surged 30% to $1.65B, boosting its market cap to $30B.
📈 The RSI is rising and showing bullish momentum, but resistance at the 50-period EMA remains a key barrier. For the rally to continue, DOGE must flip this level into support.
⚠️ However, the ADX has dropped to 21.45, down from 42 in May, signaling a weakening trend. Without momentum, a move to $0.2594 or higher could face delays.
💡 Potential catalysts for a breakout:
– BTC hitting new ATH 🎯
– Elon Musk & Trump reconciling 🤝
– Continued DOGE whale accumulation 🐋
– Approval of spot DOGE ETFs by major issuers 📄
📌 If $0.2594 breaks, the next target could be $0.4324 — a 118% move from current levels.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
