Dogecoin (Doge) trades around $ 0.249, pressing against the upper end of a six -week range between $ 0.22 and $ 0.25. The technical indicators now hint a possible concentration, with the memes currency attracting a renewed attention of investors.
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The 20 -day EMA about $ 0.225, together with the averages of 50 days, 100 days and 200 days grouped below $ 0.220, highlight a solid support zone. With the RSI in 60–61, Dege shows a constant purchase impulse without being overloaded.
Similarly, the MACD histogram has become positive, which indicates a resurgence in the upward feeling after August trade.
The resistance at $ 0.25 could unlock higher objectives
Dogecoin’s short -term trajectory depends on whether it can close above $ 0.246– $ 0.250, a level where resistance and bollinger bands converge. A confirmed break can erase the way to $ 0.263, $ 0.273– $ 0.276 and the maximum of July $ 0.300.
The support is at $ 0.238– $ 0.240, with deeper levels about $ 0.233– $ 0.231 and the EMA of 20 days at $ 0.225. Any fall below the 100/200 days cluster around $ 0.214– $ 0.213 would weaken the upward configuration.
Market analysts also indicate the Patal Pattern of Dogecoin channel, with resistance about $ 0.29. A rupture here could extend profits beyond $ 0.3 to up to $ 0.50, according to the width measured of the channel.
DOGE's price trends to the upside on the daily chart. Source: DOGEUSD on Tradingview
ETF Buzz and whale activity add fuel
Beyond the technicians, the foundations are helping fuel optimism. Grayscale recently requested a US Dogecoin ETF. UU., While the ETF Rex-Osprey Dogecoin was officially launched on September 11. These developments underline the growing institutional interest in Memes currencies, a trend that was once considered unlikely.
Meanwhile, the whale activity has been recovered, with more than 10 million elves withdrawn from exchanges. Such movements reduce market supply and are generally interpreted as long -term accumulation.
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With the institutional products that enter the market and in the improvement of metrics in the chain, the upward narrative around Dogecoin is strengthening. A decisive movement above $ 0.25 could prepare the stage for a rally towards $ 0.30, and possibly higher if the impulse continues.
Chatgpt cover image, Degeusd de TrainingView graphics
