Dogecoin (DOGE) Price Analysis: Is A Rally Possible?
DOGE price appears to have launched a new bullish phase with bulls eager to push above resistance at $0.2. As sentiment gradually improves, investors are beaming with hope to see a stronger trend reversal.
DOGE price encountered a new bullish phase as bulls pushed the token above resistance at $0.2. As sentiment improved, investors hoped to see a stronger trend reversal.
An assessment of the current technical and fundamental outlook showed that several factors could impact Dogecoin price action going into August, including this week’s FOMC meeting and investor behavior.
DOGE Price Analysis: Is A Rally Possible?
After losing ground in the first weeks of July, bulls finally took over, leading to a trend reversal from support at $0.1.
Dogecoin quickly rallied to $0.14, confirming a falling wedge pattern. This pattern typically leads to a 70% breakout, suggesting that DOGE could rally to $0.216. A retest of the upper trend line could offer unique entry positions.
A falling wedge is a bullish reversal pattern formed as the price slides between two slanting trend lines.
According to CoinMarketCap data, bulls may have run out of steam as trading volume dropped to $800 million. Dogecoin must maintain the immediate confluence support formed by the 50-day Exponential Moving Average (EMA) and the 200-day EMA.
A retest of the upper trend line support is possible, and the presence of the 20-day EMA will increase the chances of DOGE price resuming the uptrend.
The Moving Average Convergence Divergence (MACD) indicator recently gave a buy signal, encouraging traders to buy the dip. However, the bulls must work to keep this call to buy active this week.
How Dogecoin Futures Open Interest May Affect This Week’s Rally
Dogecoin futures interest in the open market has risen since last weekend to reach above $5 billion.
The above is the detailed content of Dogecoin (DOGE) Price Analysis: Is A Rally Possible?. For more information, please follow other related articles on the PHP Chinese website!
Tether's Gold-Backed Crypto XAUT Hits Record High Amid Investor SurgeApr 29, 2025 am 11:26 AMTether's gold-backed token, XAUT, has released its first official attestation, confirming it is backed by over 246500 ounces of gold
Sens. Adam Schiff and Elizabeth Warren Demand Investigation into Trump's Meme Coin DinnerApr 29, 2025 am 11:24 AMSens. Adam Schiff (D-CA) and Elizabeth Warren (D-MA) said the dinner proved Trump may be engaging in “pay-to-play corruption.”
BlockDAG (BDAG) Raises Over $219.5M, Prepares for ETHPanama and Events in SingaporeApr 29, 2025 am 11:22 AMCrypto discussions are heating up again with Dogecoin (DOGE), Binance Coin (BNB), and BlockDAG (BDAG) taking different paths. The DOGE price is stuck just under $0.17
MANTRA Burns 150 Million OM Tokens to Boost StabilityApr 29, 2025 am 11:20 AMAfter facing a tough month with a 90% price dip, MANTRA has moved to stabilize its economy by initiating a major token burn.
Meme Coin FloppyPepe (FPPE) Could See a Jaw-Dropping 7,400% SurgeApr 29, 2025 am 11:18 AMIn the ever-changing world of cryptocurrency, investors are constantly on the lookout for the next big opportunity. While XRP has long been a favorite
title: Tether Reveals It Holds $770M in Gold Bullion Backing Its XAUT StablecoinApr 29, 2025 am 11:16 AMTether, the company behind several leading cryptocurrency stablecoins, including USDT, announced Wednesday that it holds $770 million in physical gold bullion reserves backing its Tether Gold (XAUT) stablecoin.
Three very different projects are making headlines, but only one is rewriting the rules of how Web3 should work.Apr 29, 2025 am 11:12 AMToncoin gained 4% after Telegram founder Pavel Durov's return and a $400 million funding wave for TON's ecosystem.
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!
Hot Article
Hot Tools
SublimeText3 Mac version
God-level code editing software (SublimeText3)
DVWA
Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software
Zend Studio 13.0.1
Powerful PHP integrated development environment
MantisBT
Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.
ZendStudio 13.5.1 Mac
Powerful PHP integrated development environment
