CoinDesk
CoinDesk
DOGE+4.38%

Dogecoin DOGE experienced sharp swings over the past 24 hours, initially surging to 20 cents before falling to 19.1 cents, representing a 6.63% range.

The meme coin formed a V-shaped recovery pattern late in the session, climbing back to $0.192 with rising volume, though resistance remains firm around just above 20 cents.

News Background

  • Dogecoin’s latest price action comes amid renewed interest in meme tokens following a series of crypto market shake-ups.
  • Speculation around a possible DOGE ETF has gained traction, with Polymarket data indicating a 51% chance of SEC approval in 2025 — a development that could inject institutional capital into the market.
  • Meanwhile, Dogecoin’s integration with Coinbase’s Base network is adding functional value, introducing wrapped DOGE into DeFi ecosystems for the first time on a large scale.
  • The meme coin’s ability to draw high-volume support near key levels suggests that institutional buyers may be quietly building positions, even as retail traders remain cautious.

Technical Analysis Breakdown

• DOGE surged from $0.196 to $0.204 (4.08%), then reversed sharply to $0.191 (6.63% range).

• Resistance confirmed at $0.203–$0.204 after three rejections on heavy volume (>1B units at 07:00).

• Support formed at $0.192, with brief rebounds from this level despite weakness.

• Final hour drop from $0.192 to $0.190 followed by a quick V-shaped recovery to $0.192.

• Accumulation signs emerged with volume increasing past 2.3M in final minutes.

Show original
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.