Dogecoin (Doge), which is the popular Mimi currency and the largest in the coded currency, turns into a bullish direction after several days in the declining direction. As of January 30, 2025, along with other major assets, Doug seems to be recovered and constitutes a bi -up procedure.
DJ prices of momentum
With the positive market expectations, DOGE is currently trading near $ 0.33 and has seen price increases to more than 4.05 % over the past 24 hours.
After the price reflection of the decisive support level of $ 0.31, traders and investors showed strong interest and confidence in the Meme, which led to an 8.5 % increase in trading volume compared to the previous day.
DOGECOIN (Doge) and the main levels
According to expert technical analysis, DOGE appears to be an ascending pattern of double prices in the daily time frame. However, the ups of the Mimi currency in training, currently with a level of support of $ 0.31, which has a history of strong upward price repercussions.
Based on the latest price procedure, if Doge maintains this support level, there is a strong possibility that can increase by 25 % to reach a level of $ 0.41 in the coming days.
On the positive side, the DOGE (RSI) relative index is 45, indicating strong capabilities of the meme to gather more.
The biological measures on the chain
Looking at the movement of upward prices and market morale, traders and investors were betting on and collecting the MG currency, as stated by the Analysis Company on the series. Coinglass. Data from the immediate flow/external flow revealed that the exchanges have witnessed an external flow of $ 11.50 million.
In the currency scene, the external flow indicates the movement of assets of exchanges to the governor, indicating a possible accumulation. This can create the purchase pressure and lead to more bullish direction.
Aside from this, it appears that merchants are betting heavily on the long side. Currently, the percentage of Doge Long/Short 1.056, indicating a strong bullish feeling among merchants, is the highest level since the beginning of December 2024.
Data also revealed that 53.5 % of senior traders occupy long jobs, while 46.5 % occupy short jobs.
When combining these scales on the series and technical analysis, it appears that the bulls support strongly and dominate the mem currency and can help them achieve the expected level in the coming days.
