📌 Market overview
Current price: $0.2499
24h volatility: +21.5%
Highest price of the day: $0.2499
Lowest price of the day: $0.2041
Market cap: Data unavailable
24h trading volume: Data unavailable
All-time high (ATH): $0.7386 (May 2021)
Dogecoin has surged in recent days, breaking through key resistance levels and attracting investor attention. This rally is supported by increased activity from large investors and community interest.
📈 Technical analysis
Nearby resistance: $0.26 – $0.28
Strong support: $0.22
RSI (4H): 79.71 – overbought region
MACD: Heading towards bullish crossover
Fibonacci 0.382: $0.27 – next target if it breaks above $0.26
The 4-hour chart shows DOGE is in a strong upward trend, with technical indicators supporting this momentum. However, the high RSI indicates caution is needed due to potential short-term corrections.
📊 Trading strategy
Scenario 1 – Open Long position
Reason for entry: Price breaks above resistance level $0.22 with strong trading volume, confirming the upward trend.
Entry zone: $0.22 – $0.23
Stop-loss (SL): $0.20 (Under the nearest support)
Take-profit 1 (TP1): $0.26
Take-profit 2 (TP2): $0.28
Success probability: 70% (Based on technical signals and strong inflow)
Scenario 2 – Open Short position
Reason for entry: Price could not maintain above $0.26 and shows signs of reversing down.
Entry zone: $0.26 – $0.27
Stop-loss (SL): $0.28 (Above the nearest resistance)
Take-profit 1 (TP1): $0.23
Take-profit 2 (TP2): $0.22
Success probability: 60% (Based on potential correction after strong rally)
Note: The market is in a euphoric state; tight risk management is needed, and technical signals should be closely monitored.
📰 Breaking news
Whales accumulating strongly: The number of large investors holding DOGE has significantly increased over the past week, with total holdings rising sharply.
Trading volume surges: Daily trading volume on both centralized and decentralized exchanges has surpassed $2.1 billion, higher than Dogecoin ($3.14 billion) and Shiba Inu ($702 million).
Price forecast: Forecast models suggest DOGE could reach $0.27–$0.28 by the end of May 2025.
🔗 Trade DOGE
