Dogecoin again caught the attention of the market, riding in a fresh wave of momentum as prices moved forward to 10% last week. Now trading around $ 0.171, DOGE has reclaimed levels that have not been seen since mid-March.
With an 8.4% daily benefit and a 24-hour trading volume exceeding $ 1.3 billion, the meme-fueled property again produces titles, reinforced by a mix of technical strength and updated interest in retail.
The daily chart shows DOGE BREAKING above the 21-day exponential transfer of average, a development that often marks the beginning of a short-term return.
Price action drives towards the level of $ 0.18, a major area that previously acted as both support and resistance. The additional above lies in the 200-day simple moving average, currently close to $ 0.26, which serves as a strong barrier to previous cycles.
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BTC/USD Source: TradingView
Momentum indicators are beginning to align with this move. The Kamag -Child Index Index rose to 55, indicating growing bullish pressure without entering the overheating territory.
However, the stochastic oscillator tells a slightly different story – returning above 95, it suggests that the market can be overplayed in the short term. The MACD is also —flip in positive territory, indicating a potential fresh bullish crossover, though the histogram remains shallow and vulnerable to return if consumers do not maintain pressure.
Price structure and risk zones
The current dog rally in the ability to convert the level of $ 0.17 from the resistance to stable support. This zone has historically served as a pivot point, and a sunny day near above it will significantly strengthen the bullish case.
If the momentum faded, the dangers of the coin slipped back to $ 0.157, with a deeper secret opening door for a re -visit to $ 0.14 levels at which demand was entered.
A decisive rest above $ 0.18, on the other hand, could trigger a rally towards $ 0.20, with a $ 0.26 area as a longer target if the wider market conditions remain favorable.
Dogecoin market sentiment
Dogecoin's upswing occurs during a broader risk-on transition to crypto markets, as Bitcoin stabilizes above $ 90,000 marks and imaginary sentiment returns to Altcoins.
The “Doleday” approach on April 20th played a role in the reign of community activity, with an open interest in Doge futures that jump 58% over the weekend. Although the prices of the area slipped into the Intrayay, the derivatives markets showed entrepreneurs aggressively re -reposed to upward.
The funeral of this momentum is the growing speculation -around a potential ETF DOGE. Although optimization is cooled slightly, with polymarket logo drops from 75% to 52% for approval before the end of the year, the narrative remains a major driver of short-term flows.
Bitwise, Grayscale, and other companies have already filed, and any indication of regulation development can act as a catalyst. Elon Musk's continued coherence for Dogecoin remains an ongoing wildcard, capable of switching sentimental market with a single post.
