Dogecoin Holds Support as Whales Accumulate
- Whale Accumulation: Currently, the number of whale-tier addresses holding between 1 million and 100 million DOGE has increased to 4,920 from 4,872 in January, indicating strategic accumulation by major holders during the price consolidation phase, potentially setting the stage for future price rebounds.
- Futures Market Dynamics: DOGE's futures open interest rose approximately 3% over 24 hours to reach $1.37 billion, with a current funding rate of 0.0051%, suggesting that long position holders are paying a modest premium, reflecting ongoing market interest in DOGE.
- Critical Price Thresholds: Crypto analyst Ali Charts has identified $0.1018 as a pivotal level to watch, emphasizing the need for a sustained four-hour close above this threshold with increasing volume to confirm a legitimate breakout; if successful, the target price could rise to $0.1172, potentially triggering larger upward movements.
- Market Sentiment and Technical Indicators: While DOGE maintains support above $0.095, the MACD indicator shows slight upward momentum, and the RSI has climbed to 56, indicating improving market sentiment; a breakout above $0.10 could open up further upside potential.
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Technical Analysis for DOGE
Technical Sentiment Analysis for Dogecoin (DOGE). As of , Dogecoin (DOGE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Dogecoin (DOGE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0728 | 0.0832 | 0.0912 | 0.102 | 0.11 | 0.12 | 0.128 |
| Fibonacci | 0.0832 | 0.0902 | 0.0946 | 0.102 | 0.109 | 0.113 | 0.12 |
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