- The consistent closure over the scope of resistance between 19 cents and 20 cents will lead to a gathering towards a dof -equivalent stage.
- The expected approval of Spot Doge ETF in the next few months will improve the total liquidity, trading and demand.
Dogecoin (DOGE) performed better than the rest of the best 10 altcoins according to the market value during the past 24 hours. With the increase in the Bitcoin (BTC) price above 97 thousand dollars, the total ceiling of the encryption market increased by 1.2 percent over the past 24 hours, hovering about 3.12 trillion dollars, the price of Doug increased by more than 5 percent for trading about $ 0.1813 on Thursday, May 1, during the mid -North America session.
The first phase of the bull – which is characterized by increased optimism and collapse of the main resistance levels – indicated the emergence of the very expected equivalent stage for the 2025 cryptocurrency.
Dukwin whales increase accumulation
With investors ’modification, according to the Wall Street’s separation profit report and improving trade war negotiations, data on the series shows that whale investors have increased their appetite for the owners, led by Dogecoin. According to market data from Santiment, Dogcoin Investors, which owns between one million and 10 million coins, added 100 million dusks last week to currently carry about 10.55 billion coins.
The increasing demand for DOGE coincides with the prominent rise in its open interest in its future (OI) to about $ 1.88 billion, from about $ 1.31 billion on April 9, 2025. In addition, Coinpedia mentioned, the chances of DOGE ETF approval before the end of this year have increased significantly, with Polymarket users betting at 68 percent of the rate.
What next to Luj
Dogecoin Price has photographed a high connection with Bitcoin PRICE YTD, which is stimulated by higher accreditation by institutional investors. Memixin is a large size, with a fully diluted evaluation of about $ 26.9 billion and the average trading volume over 24 hours by about one billion dollars, to 26 cents, which coincides with a 200 -day moving average (SMA).
From the point of view of technical analysis, Doge will enter the discovery of prices in the near future. However, the weekly MACD line should cross over the signal line and restore the RSI (RSI) indicator above 50.
