• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Dogecoin Price Resumes Growth: What to Expect Next?

user avatar

by Giorgi Kostiuk

8 months ago


Dogecoin's price has recently caught attention by breaching a critical resistance level. We take a closer look at price movements, key levels, and their significance for the digital currency's future.

Dogecoin Facing Resistance

Dogecoin (DOGE) recently saw a substantial boost, peaking at $0.4342 before cooling down. Currently, it's holding above $0.3650, a positive sign in technical analysis. However, tough resistance lies ahead at $0.400 and $0.4150. Clearing these barriers could signal further gains to $0.4500 or even $0.4650, yet if the price struggles here, DOGE might retrace.

DOGE Whale Activity

It's an interesting time for Dogecoin investors, as around 96% of DOGE holders are in profit according to IntoTheBlock data, indicating a strong base of long-term investors. However, whales hold short positions just above the current DOGE price, showing some caution ahead of a potential breakout.

Technical Trends and Support Zones

Technical analysis also brings helpful signals. A trend line is forming around $0.3870, aligning with the 61.8% Fibonacci retracement level from Dogecoin's recent highs and lows. This could be a strong support level, holding DOGE steady under pressure. However, a dip might test supports at $0.3420 or even $0.3150.

Dogecoin's recent rally has drawn significant attention, exciting investors. With resistance levels and cautious whale activity, maintaining above critical support zones could lead to further upward attempts. However, a drop below $0.3420 might bring a short-term pause.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Cryptocurrency Market: Bitcoin Hits Record High, XRP Shows Strong Growth

chest

Bitcoin sets a new record at $118,000, while XRP demonstrates solid growth amid a harmonic pattern.

user avatarGiorgi Kostiuk

PEPE and Dogecoin Rise as Bitcoin Reaches $116,000

chest

Bitcoin reaches $116,000, sparking interest in PEPE and Dogecoin. A review of technical analysis and forecasts.

user avatarGiorgi Kostiuk

Shiba Inu: Breakout Potential Amid Changing Market Dynamics

chest

Shiba Inu shows signs of bullish recovery after achieving a golden cross, yet risks arise from weakened whale activity.

user avatarGiorgi Kostiuk

Impact of HYPER Listings on South Korean Exchanges

chest

HYPER price spiked significantly due to a recent listing on South Korean exchanges, driving heightened trading activity.

user avatarGiorgi Kostiuk

Ethereum Foundation Completes Strategic Sale of 1,210 ETH

chest

Ethereum Foundation sold 1,210 ETH for $3.5 million, concluding a strategic process involving 21,000 ETH.

user avatarGiorgi Kostiuk

Best Long-Term Cryptocurrencies for 2025: BlockDAG, TRON, Stellar, and Hedera

chest

Exploring the best long-term cryptocurrencies, including BlockDAG, TRON, Stellar, and Hedera, and their potential outlook for 2025.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.