February 14, 2025 at 13:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin Price Forecast: Bulls Aim to Reclaim CME Gap as DOGE Retests Crucial Resistance

[Date]

At the time of writing, the live Dogecoin (DOGE) price is $0.26286153251976, with a 24-hour trading volume of $1439112761.8763. The price of Dogecoin has increased by 0.41348675% over the past 24 hours.

Key Statistics:

• Circulating Supply: 148037966383.71
• Maximum Supply: N/A
• Total Supply: 148037966383.71
• Market Cap: $38913486714.729

Dogecoin Price Analysis

Dogecoin price is currently facing resistance at the 200 Exponential Moving Average (EMA) at $0.27. The bulls are attempting to push the price above this level to fill the CME gap between $0.27 and $0.29.

If the bulls are successful in pushing the price above the 200 EMA, Dogecoin could potentially rally towards the $0.30 level. However, if the bears retake control and push the price below the 200 EMA, DOGE could fall back to the support level at $0.25.

In terms of technical indicators, the Relative Strength Index (RSI) is overbought, indicating that a pullback may be imminent. However, the Moving Averages Convergence Divergence (MACD) is bullish, suggesting that the bulls are still in control.

Conclusion

The direction of the Dogecoin price in the short term will depend on whether the bulls can push the price above the 200 EMA. If they are successful, Dogecoin could potentially rally towards $0.30. However, if the bears retake control, DOGE could fall back to $0.25.

Disclaimer

This article is for informational purposes only. It is not intended as financial advice and should not be relied upon as such. Trading cryptocurrencies involves significant risk, and you should always consult with a qualified professional before making any investment decisions.