The price of Dogecoin fell by 1.2 % on Sunday April 20, as the community was the “DOGE Day” brand 2025 – the annual celebration of the cultural height of the beloved Memecoin. While previous versions have sparked online gatherings and noise, this year, Doge Day has seen more cautious feelings.
What is Dai Dog?
Doge Day, which is celebrated every April 20 (4/20), is a famous encryption event by Dogoin lovers and dealers.
It originally began as an internet movement to pay DOGE to one dollar in 2021, and since then it has evolved into an annual event characterized by campaigns online, memes and speculative trading activity. For many, it is a salute to Memecoin’s origins and a symbol of the growth that society drives in the encryption space.
With the maximum market of 23.2 billion dollars at the time of the press, Dogecoin maintains its position as the largest Memecoin community in the world. However, the Doge Day celebrations took a quieter tone. On Sunday, Doge Price is about $ 0.159, a decrease of 1.2 % a day.
He crowned this faded week that has witnessed the failure of Dogecoin to get out of its unification range, which holds less than $ 0.17 despite the summary of the middle of the week.
The broader encryption market has also seen mixed feelings, as Bitcoin is trading sideways near 83,000 dollars and coins struggling to restore momentum after the hot Q1. While the previous Day Day celebrations often coincided with the speculative mine, the release of 2025 was not up to the noise.
How will the price of Dogecoin interact with DOGE Day 2025 celebrations?
Historically, Dog Day has sparked renewed attention and short -term gatherings in the days before April 20. In 2021 and 2023, Dogecoin recorded two numbers with the accumulation of merchants in the ups and virals.
But this year, the narration – which was buried with political tension, enthusiasm, fades, and dominant signals from the most influential Dogecoin supporters, Elon Musk.
The recent reactions against Musk have gave a shadow on Dog’s feelings. The billionaire businessman, who is now heading the Ministry of Governmental efficiency (DOGE) within the Trump administration, has been subjected to shooting after the discounts in jobs sparked protests worldwide.
The feelings of investors, especially among retail radio, have been strained, amid concerns about Musk’s political participation with DOGE and the renewal of Trump’s commercial tariffs.
As a result, the assets associated with Musk – including Tesla Stock and Dogoin – have struggled in recent weeks.
As shown in the above chart, the price of the TESLA TESLA shares closed at 241 dollars on Friday, amounting to 4.15 % in the last trading week. Likewise, Doge Price fell more than 12 % of the highest level in the local April of $ 0.17 registered on April 12.
Consequently, the silent price procedure confirms on Sunday that investors are still hesitant to enter into large positions amid the Day Day 2025 celebrations.
DOGECOIN price expectations: DOGE risk decreases to $ 0.142 as momentum lower than resistance
Dogoin price expectations today tend to be cautious while Dog is struggling to get more than $ 0.1558, indicating technical indicators to poor momentum.
As shown below, the DOGE PRICE is currently installed less than average for 5 days, 8 days and 13 simple days-tightly collected about $ 0.156 to $ 0.157-constantly formed a range of resistance to escalating attempts. The failure to restore this area indicates that the bulls lose the steam after performing the slow day.
The Relative Power Index (RSI) reads 43.95, and it hovers above the signal line at 43.06. Although this reflects a moderate attempt to recover, it remains in descending lands less than 50 years, which confirms that a strong buyer is not convicted. The narrow range with low volume, the hibernation to the frequency and the continuation of the potential downside.
In these circumstances, the price of Dogecoin is likely to collapse to less than $ 0.15 and stumble about $ 0.142-the last test during the sale of April 13.
Related questions (common questions)
Doge Day, which is celebrated every April 20 (4/20), honors the rise of the community that is driven by the community, is full of miles, market noise, and price speculation.
Dogecoin decreased by 1.5 % on Doug’s day due to the homosexuality of Eileon Mousse’s political relations and uncertainty in the broader market.
While $ 0.20 is still a major psychological level, DOGE must restore $ 0.157 and break the resistance to any realistic rising attempt.
Ibrahim
The encryption analyst that covers the derivative markets, macro trends, technical analysis and Defi. His business is characterized by in -depth market visions, price expectations and institutional research on digital assets.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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