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Dogecoin: Technical Analysis and Price Development
According to Krypto Magazin, Dogecoin recently rebounded bullishly from the 50-month EMA support at approximately $0.135 after a decline of about 73%. Since then, the price has increased by around 34.5%. On the monthly chart, the MACD lines are close to a bearish crossover, and the MACD histogram has been ticking lower for three months, indicating bearish momentum. The RSI remains in the neutral zone.
The weekly chart shows a bullish trend in the MACD histogram and a golden crossover of the EMAs, confirming a medium-term bullish trend. However, the MACD lines are bearishly crossed, and the RSI provides no clear signals. Dogecoin faces significant resistance at around $0.177 (Golden Ratio). If this resistance is not overcome, the price could return to support levels, with the next major resistance at the 50-week EMA near $0.2.
On the daily chart, a death cross has formed, confirming a short- to medium-term bearish trend. The MACD histogram has been ticking lower for several days, and the RSI remains neutral. Key Fibonacci support levels are at approximately $0.169 and $0.15. In the 4-hour chart, another golden crossover of the EMAs has formed, which is short-term bullish, but the MACD lines are bearishly crossed.
Against Bitcoin, Dogecoin is holding support between 0.00000183 BTC and 0.000002 BTC. If this support breaks, the next significant support is between 0.00000089 BTC and 0.00000113 BTC. The next resistance is at the 50-month EMA at 0.00000255 BTC.
- Dogecoin has shown a significant recovery after a sharp price drop.
- Several technical indicators point to a possible correction or consolidation.
- Key support and resistance levels are clearly defined.
Infobox: Dogecoin is in a critical phase after a recovery, with important resistance at $0.177 and $0.2. The technical outlook remains mixed.
Dogecoin Price: Breakout at $0.20 and Potential 300% Rally
The Market Periodical reports that Dogecoin formed a green candle in the Gaussian Channel after four red candles, indicating bullish momentum. Analysts see reclaiming $0.20 on the monthly chart as key to retesting the all-time high of $0.74. The technical analysis shows DOGE completed an ABC correction, with a Fibonacci target at $0.703, representing a 293% increase from the current price.
The correction began at $0.4846 in December 2023, following a three-wave pattern: the A-wave dropped 46% to $0.2626, the B-wave rose 66% to $0.4350, and the fifth wave ended at $0.1298 with a 70% correction. Analysts such as Master Ananda and Ali Martinez emphasize that a monthly close above $0.20 would signal a return to the long-term upward channel. A breakout above this level could trigger a price increase of 312.7%, with $0.74 as the primary target.
Trading volumes and social metrics show growing interest in DOGE. If the price stabilizes above $0.20, a rally of several hundred percent could be triggered.
- Technical indicators suggest a possible trend reversal.
- A breakout above $0.20 is seen as a signal for a strong upward movement.
- The Fibonacci target is $0.703, nearly 300% above the current price.
Infobox: Analysts see up to 300% rally potential for DOGE if it breaks above $0.20, with $0.74 as the target.
Dogecoin: Whale Activity and On-Chain Data
According to The Market Periodical, Dogecoin whales increased their holdings by 111% in the past week. This accumulation follows the release of Libdogecoin v0.1.4 on April 12, 2025, which introduced features such as Secure Enclave, performance improvements, and YubiKey support. Historically, April has been a strong month for DOGE, with a 546% increase in 2021 and 84.9% in 2018.
Dogecoin has overcome a key resistance and is holding at $0.17. The RSI is at 57.92, indicating moderate strength, and the MACD points to a bullish trend. Coinalyze data shows DOGE futures interest rose by 1.33%, following a 37% increase over the past four days. However, on-chain data shows a neutral to bearish sentiment, with a slight overweight of shorts compared to longs.
- Whales are massively accumulating DOGE, suggesting a possible price breakout.
- Technical indicators are mostly bullish, but on-chain data shows uncertainty.
- A sustained rise above $0.17 could push the price to $0.25 or higher.
Infobox: Massive whale accumulation and positive technical indicators could trigger a price increase, but market sentiment remains mixed.
ETF Approval for Dogecoin Postponed
Wallstreet Online reports that the US SEC has postponed its decision on spot ETFs for XRP and Dogecoin. The authority will take until June 16 to review the proposed rule changes. Bloomberg analyst James Seyffart expects approval likely only in October.
Decentralized betting platform Polymarket shows the probability of an XRP spot ETF approval by July 31, 2025, at 42%. For Dogecoin, the probability is 24%. However, by year-end, the chances rise significantly: Dogecoin index funds have a 75% probability, XRP 77%, Solana 81%, and Litecoin 79%.
- The SEC has postponed the decision on altcoin ETFs, including Dogecoin.
- According to Polymarket, the chance of approval for Dogecoin by year-end is 75%.
- Further delays are possible, as seen with Bitcoin and Ethereum ETFs.
Infobox: ETF approval for Dogecoin is postponed, but forecasts see a 75% chance of approval by year-end.
ZA Miner: Free Cloud Mining Platform for Dogecoin and Bitcoin
GlobeNewswire and boerse.de report that ZA Miner has launched a free cloud mining platform for Bitcoin and Dogecoin. Users can earn passive income without upfront investments, hardware, or technical knowledge. Upon registration, new users receive a $100 mining contract to start the mining process.
ZA Miner's mining infrastructure is located in energy-efficient sites such as Kazakhstan and Iceland to utilize sustainable energy sources. The platform offers daily rewards, automatic crediting, SSL encryption, anti-DDoS protection, and a referral system with commissions.
- Cloud mining for Bitcoin, Dogecoin, and Litecoin without hardware or fees.
- $100 bonus mining contract for new users.
- Locations in Kazakhstan and Iceland for sustainable energy use.
- Daily mining rewards and security features like SSL and anti-DDoS.
Infobox: ZA Miner makes Dogecoin and Bitcoin mining accessible to everyone—no investment or technical knowledge required.
Editorial Assessment
Krypto Magazin concludes that Dogecoin's current market situation is characterized by high volatility and conflicting technical signals. While short-term indicators point to uncertainty and possible corrections, medium-term and fundamental factors such as massive whale accumulation and rising futures interest show growing confidence among institutional and large private investors. Clearly defined resistance levels, especially at $0.20, act as psychological and technical barriers, whose overcoming could trigger strong upward momentum.
The prospect of ETF approval for Dogecoin by year-end significantly increases speculative potential, as such a decision would greatly enhance the asset's acceptance and liquidity. The introduction of new mining platforms and technological upgrades like Libdogecoin v0.1.4 further underline the ongoing professionalization and attractiveness of the ecosystem.
- Dogecoin faces key resistance levels, whose breakthrough could trigger a strong rally.
- Whale activity and ETF prospects increase medium-term potential, while short-term risks remain.
- Technological innovations and new mining offerings strengthen Dogecoin's market position.
Infobox: Dogecoin remains a highly speculative asset with short-term risks but offers exceptional upside potential if regulatory and technical developments are positive. Investors should closely monitor critical price levels and regulatory decisions, as these will be decisive for future price development.
Source: Krypto Magazin
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