The price of Dogecoin may be about to collapse up, as the signals are in line with the chain and technology as the encryption market increases. Since Bitcoin price has regained the highest level of $ 101,000 against the backdrop of Donald Trump’s announcement of a commercial deal for the United States of America to reduce customs tariffs, Dog Price increased by 13 %, and whales moved $ 148 million.
This whale deal came when the price of the Dogoin erupted from the style of the scheme that the merchants often connect with the repercussions of the direction. Consequently, the price of DOGE rose to $ 0.1918, which is 13 % increase, DOGECOIN mode between the highest -performance encryption assets per day. Daily trading volume exceeded $ 1.42 billion, which represents an increase of 79 %, while the open interest in future decades increased by 16.75 % to $ 1.95 billion.
Dogecoin Price Road to $ 0.29 target
according to Tardigrade merchant dealerDOGECOIN price recently erupted from the formation of diamonds on the daily chart. This graphic pattern usually indicates a possible reflection of the landing to ascending direction. According to the technical analyst, if the Taurus continues, the target price is $ 0.29, which is 52 % of the current levels. Amid this increase, the Dog Pisces 807378,538 transported a doug icon, at a value of about 148.8 million dollars, between two unknown wallets.
The penetration was after a period of low fluctuations. The price procedure was unified between mid -March and early May, creating diamonds. When the Mimi upper coin was shattered over the upper threshold of this pattern, the volume increased sharply, adding to its upscale movement.
According to the analyst, Dogecoin Price has shown a 29 -day fixed cycle, as RSI’s bullish spacing precedes high prices. Each session ends at a penetration process, and the latest step from the regional conference coincides with the timetable, indicating the high price of DOGE at $ 0.29.
Long -term support is still intact
In the weekly timetable, the encryption analyst, Ali Martinez, indicated that Dogecoin is trading over the long-term rising trend line that has been implemented since October 2024. The current price level is close to $ 0.16 -0.18 dollars closely with the level of Bonacci 0.618, and traders often use to evaluate the withdrawal areas while continuing in the direction.
The graph data indicates that the price has recently wore this area, indicating the continued support. The analyst noticed, “a decrease to $ 0.14 can make an opportunity to buy before a possible recovery to $ 0.30.” The dotted projection path on the graph is determined by a scenario, as DOGE continues at the highest resistance levels near $ 0.24 and $ 0.32.
This structure supports the idea that the current movement may be part of a wider upward trend, as it is in line with the prediction price. The higher low structure remains intact, indicating that buyers still maintain control at this stage.
Doug whale activity and support for the chain in the budget direction
The data on the InTotheblock series reflects the increasing confidence among adult holders. The number of portfolios bearing between 10 million and 100 million dusks with 3.96 %. This was the biggest increase in all the segment of the wallets that were followed, indicating a possible accumulation by institutional investors or in the long run.
The categories of the smaller whale, such as those that include one million to 10 million dusks and 100 thousand to a million million dusks, showed stability or slight growth. These trends indicate constant support and attention in Dogoin from senior holders.
The financing rate according to Coinglass has mostly remained in a positive area since mid -April. The positive financing rate indicates a high confidence in the high prices of continuous Doug. This behavior indicates that the upcoming market expectations are still strong among the participants who have been summoned.
Kelvin Monin Murithi
Kelvin is a distinguished writer who has experience in encryption and financing, holding a Bachelor’s degree in Actura Sciences. It is famous for its careful analysis and insightful content.
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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