Price Analysis View Non-AMP

Why Is Dogecoin (DOGE) Price Up Today?

Published by
Elena R

The crypto market has added 3.32% in valuation over the past 24 hours. With this, it is currently valued at $2.44 Trillion. Moreover, with Bitcoin price retesting the $73k level, memecoins have regained strength.

With the ongoing bullish recovery in the cryptocurrency market, will the Dogecoin crypto token make a comeback this November? Moreover, is this the last chance to buy it before it hits $0.2? In this article, we have covered the short-term price analysis of the largest meme coin.

DOGE Crypto Forms An Ascending Channel Pattern!

With a jump of ~3% in the past 24 hours and a trading volume of $3.34 billion, the Dogecoin meme coin has reclaimed the $0.17 mark. Moreover, it has jumped 24.25% over the past week and 41.85% during the past 30 days. Notably, it has formed an expanding channel pattern and continues to trade within it.

The SMA indicator constantly supports the DOGE memecoin price chart in the 1D time frame. This indicates a strong bullish sentiment for the altcoin in the cryptocurrency market.

The Moving Average Convergence Divergence (MACD) has displayed a constant green histogram with its averages showing a significant uptrend in the trend chart. With the current market sentiment, the Dogecoin price may continue gaining value this week.

Will Dogecoin Price Hit $0.23 This November?

If the market continues favoring the bulls, this could push the DOGE crypto price toward its resistance level of $0.18225. Furthermore, if the bullish sentiment sustains above that point, this could result in it testing its important resistance barrier of $0.20.

However, if a bearish trend reversal occurs, the Dogecoin price could drop toward its support level of $0.155. Moreover, if the favors turn against the crypto space, this memecoin could further plunge toward its lower support of $0.127.

Considering investing in this memecoin before it hits $0.2? Read our Dogecoin (DOGE) Price Prediction to uncover the long-term price possibilities of the largest meme coin by market cap!

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Crypto Market Hit New Lows—Investors Looking Elsewhere? Ozak AI’s $0.003 Entry Looks More Promising!

The crypto market has recently experienced a vast downturn, with most important projects such as…

April 4, 2025

BTC Price Volatility Spikes Up—Is it a Good Time to Buy Bitcoin?

The US markets are experiencing one of the massive pullbacks, with major stocks plunging by…

April 3, 2025

Forget PEPE – Influencer Pepe (INPEPE) is the Future of Meme Coins with Real Utility!

PEPE hopped its way to a $3.8 billion market cap, but its reign as a…

April 3, 2025

Ripple (XRP) Eyes $10 as Ruvi AI (RUVI) Captures Investor Attention with Huge Growth Potential During Presale Phase 1

Ripple’s (XRP) recent rally from $2.00 to $2.20 has sparked excitement among cryptocurrency enthusiasts. This…

April 3, 2025

How High Can Influencer Pepe Go? Expert Predictions for 2025-2030!

The crypto circus has a new ringmaster: Influencer Pepe (INPEPE). This Pepe-the-Frog-inspired token is making…

April 3, 2025

Crypto Bloodbath: Solana, XRP, and Dogecoin Take Double-Digit Hits, Is Your Altcoin Safe?

The global cryptocurrency market took a major hit today, with the total market capitalization falling…

April 3, 2025