- Technical analysis shows that the price of Dogecoin is preparing for 33 % to 23 cents in the coming days.
- Dogecoin is largely gathered by institutional investors in the expected Altseason 2025.
Dogoin (DOGE) price gained 2 percent over the past 24 hours to trade about $ 0.1814 on Thursday, during the trading session in the middle of the north. Mimxen was large, with a fully diluted evaluation of about 26.9 billion dollars and the average trading volume 24 hours is about $ 1.5 billion, among the best assets of the ten best encryption assets.
The most important reasons why dogecoin is high
Dogcoin prices were highly driven by OI’s open interest. In the past two weeks, Dogecoin’s OI has risen from about $ 1.3 billion to about $ 2 billion at the time of this report. In addition, the Dogecoin network recorded a significant increase in whale activity, led by fund managers, such as 21 SharesSeek to present the Doge ETF spot.
Dogoin’s ecosystem grew into a strong online community, often combining Elon Musk Technical billionaire. Meanwhile, Dogecoin Core developers upgrade a major network to enable the Defi development to compete with the first layer chains (L1) such as ETHEREUM and Solana.
Doug price analysis
Since Bitcoin price signals increase bullish momentum in the near future, the total demand for memecoins has remained high. The gradual recovery of the FOMO CRYPTO trading helped the DOGE Price out of a multi -week decrease.
In the daily time frame, the price of Dogecoin was a reverse pattern, characterized by the formation of the reverse head and shoulders along with the bullish difference of the RSI. In addition, the daily MACD line of Dogecoin is about to cross the signal line as buyers get control.
As a result, the price of the DOGE is in a good position of the gathering about 23 cents in the coming days, with a goal of 48 cents in the near future.
