February 14, 2025 at 17:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin Resolves Above 200 EMA, Bulls Attempting to Fill CME Gap, What's Next for DOGE?

As of February 14, 2025, at 5:00 PM UTC, Dogecoin (DOGE) is trading at $0.27235596901069 with a 24-hour trading volume of $1589416496.221. Dogecoin's price has witnessed a rise of 5.1898059% over the past 24 hours.

Key Metrics:

• Bitcoin (BTC): $148040456383.71
• Dogecoin (DOGE): $0.27235596901069
• DOGE Circulating Supply: 148040456383.71
• DOGE Maximum Supply: N/A
• DOGE Total Supply: 148040456383.71
• DOGE Market Cap: $40319701951.169

Technical Analysis:

Dogecoin has recently experienced a resurgence, climbing above its 200-day exponential moving average (EMA). This move signifies a potential shift in momentum towards the bullish side, especially considering that DOGE has been consolidating beneath this key EMA for an extended period.

The bulls are now attempting to fill the gap created on the CME futures market, which occurred when the exchange was closed on February 8, 2025. This gap typically acts as a magnet, attracting price action towards it for potential fulfillment.

If DOGE manages to sustain its momentum and fill the CME gap, it could launch towards the next resistance level around $0.30. The Relative Strength Index (RSI) is hovering above 50, indicating that the asset is in a position of relative strength.

However, it's important to note that the cryptocurrency market remains volatile, and Dogecoin could still face resistance or even a reversal in its current uptrend. The bears may attempt to push DOGE back below the 200 EMA, which would signal a potential resumption of the downtrend.

Conclusion:

Dogecoin's recent price action is positive, with the asset breaking above its 200 EMA and attempting to fill the CME gap. Bulls are in control of the momentum, and if they can sustain this trend, DOGE could see further gains in the near term. However, traders should remain vigilant, as the market conditions can change swiftly.