🐶 Dogecoin – The price is stable but not in hibernation
7 days: -1% | 1 month: -2.5%
Market sentiment is cautious, but there are positive signals underneath.
📈 Notable technical signals:
🔄 Bullish divergence between price & RSI → selling pressure is weakening
This pattern appeared at the end of December → DOGE increased ~35% (history does not repeat 100%, but it's worth monitoring 👀)
🚦 20-day EMA – an important hurdle
Breaking the 20-day EMA → possibility of another bullish wave
Previously, breaking EMA = +20% quickly
Not broken → the market remains cautious
🐳 On-chain supports the bulls:
The circulating amount of DOGE has decreased significantly → selling pressure has eased
Wallets holding 1 – 10 million DOGE have increased slightly → quietly accumulating
Derivatives: shorts are still more than longs → low squeeze risk
🎯 Key levels to watch:
✅ Break the 20-day EMA → target $0.158 (+30–35%)
❌ Break below $0.117 → bullish scenario invalidated
➡️ Quick conclusion:
DOGE has not exploded, but the foundation is gradually improving. If it regains the short-term trend, a 30% rebound is entirely feasible.
😄 This article is just to share a market perspective. It is not investment advice – whether Doge barks or not is still up to… the market 🐕🦺
#Dogecoin #CryptoAnalysis #Altcoins #OnChainData #TechnicalAnalysis