- The broader encryption market may try to follow the price of gold, but the short -term sale process is still ongoing.
- Doge Price is likely to be a bottom, but a re -test can occur again before the market reflection.
Dogecoin (DOGE), the largest mechanical mechanical depending on the market value, is still highly simultaneously with the work of Bitcoin (BTC). More importantly, the Great Mimin, which is fully evaluated by about 23.5 billion dollars and the average trading volume 24 hours, is about one billion dollars, records a Syrian style similar to the 2021 and 2017 bulls.
As a result, the possibilities of a large equivalent gathering before the end of 2025 remain clear, especially the catalyst through the prominent gathering of the price of gold.
ALTSEASON Delay threatens the price of the price of Dogecoin in the short term
The government’s participation in the encryption market through the global regulations greatly affected the encryption cycle for a period of four years. During the 2021 encryption cycle, most of the dormations were to discover prices during the second quarter, as the Great Altcoins reached the concerned summits.
According to the Crypto Benjamin Quinn analyst, Altcoin Market will continue to bleed to Bitcoin in the short term. The encryption analyst expects the Bitcoin dominance to 66 percent in the coming weeks, causing Altcoins to decrease from 10 to 20 percent.
In the daily time frame, the price of DOGE was re -testing the decisive logarithmic support level that was created since 2023. Although Doge Price has indicated the outbreak of falling logarithmic trend, the RSI Index (RSI) did not indicate the emergence of bullish morale.
As a result, the price of Dog is in a good position to decline about 14 cents again before recovering towards discovering the price soon.
Doug Akbar image
With the support of a strong online community that includes more than 6 million bearers, Dogecoin has grown to be one of the main encryption assets. More importantly, the fixed support from the technical billionaire Elon Musk and his family from Unicorn helped to attract more institutional support.
Actually, many fund managers with the United States are presented to introduce Spot Doge Etfs. Meanwhile, the main doscoin developers seek to expand the network to cover the Defi ecosystem.
Moreover, the DEFI ecological system in the top layer, such as Solana (SOL), has helped in the past two years.
