DOGE Rallies 5% After 155 Million Token Transfer to Robinhood and Analyst Endorsements

Dogecoin (DOGE) has experienced a 5.09% price increase over the past 24 hours, currently trading at $0.19457 according to Binance data. This upward movement is attributed to several factors, including a significant transfer of 155 million DOGE to Robinhood, which may signal increased trading activity and investor interest, as well as recent positive sentiment from analysts who have highlighted Dogecoin as one of the most undervalued cryptocurrencies for June 2025. Additionally, broader market momentum—reflected in Bitcoin’s surge above $110,000 and overall increased trading volumes—has contributed to DOGE’s performance. Despite the positive price action, technical indicators such as an RSI of 44 and a nearing bearish MACD crossover suggest increased selling pressure, while $3 million in liquidations, mainly from long positions, indicate some market caution. Dogecoin maintains a strong market position, with a 24-hour trading volume of approximately $1.25 billion and a market capitalization near $28.5 billion, ranking it as the eighth largest cryptocurrency by market cap.