The 0.30 dollars would be the next objective and resistance for Dogecoin (Doge).
In the futures market, the interest in Doge increases considerably.
Dogecoin (Doge), the leading memecoin in market value, maintains an upward trend that generates growing interest in the market.
Quoting $ 0.26, cryptocurrency moves within an upward channel of two hours, a structure that has guided its upward trend since mid -July. This movement, backed by technical indicators and a growing interest in the futures market, He suggests that Doge could be on the edge of a new impulse towards 0.30 dollars, Explain Mirjan Hipólito, market analyst.
Doge’s price has registered growing minimums within its ascending channel, evidencing a constant accumulation after each setback. The 20 -day exponential (EMA) mobile average, located at 0.26 dollars, acts as a dynamic support, while EMA of 50 and 100 days, at 0.24 and 0.22 dollars respectivelyThey reinforce support at lower levels.
These mobile socks, which weigh more recent prices to reflect short -term trends, confirm the strength of the upward structure.
If Doge manages to exceed the resistance zone between 0.28 and $ 0.29, the impulse could take the price towards $ 0.30, a key level that represents the next technical barrier. However, a fall below $ 0.26 could weaken the trend, with a possible setback to the area of 0.24–0.25 dollarsHipólito stands out.
Technical indicators under the magnifying glass
The Relative Force Index (RSI), which measures the speed and magnitude of price movements, reached a maximum of 67.45 yesterday, touching the overcompra zone (above 70). Although this level reflects a strong purchase interest, the RSI has descended to 47.5, indicating a possible consolidation or cooling of the bullish impulse.
A RSI below 50 suggests that the buying pressure has decreased, reducing the immediate probability of a new attempt to reach 0.28 dollars. However, as long as signs of bearish divergence or a sustained decrease below 50 are detected, the bullish structure remains intact.
On the other hand, Momentum indicators continue to support Doge’s technical strength, provided that the price is maintained above the midline of the ascending channel. The absence of exhaustion signals reinforces confidence in the current trend.
Growing interest in futures
In the futures market, Doge enthusiasm is evident. The open interest has grown 80% In the last week, from 2,730 million to 5,160 million dollars, a level comparable to that registered in January of this year.
This increase reflects a greater participation of investors, which could amplify the upward pressure if the price exceeds key resistances.
Institutional commitment to Doge
The interest in Doge transcends the retail scope. Bit Origin Ltd (BTOG), a company quoted in Nasdaq, announced agreements to sell up to 400 million dollars in ordinary class A shares and 100 million in convertible debt, as reported by cryptootics.
The objective is to finance a treasury strategy focused on the accumulation of Dogecoin, with the ambition to become one of the largest corporate holders in Memecoin. This institutional movement underlines the growing confidence in Doge’s potential as digital asset.
While Doge maintains its position within the ascending channel and does not break the key supports, the technical perspectives remain favorable. However, the RSI setback to 47.5 invites caution, suggesting that The market could be in a consolidation phase before an upcoming significant movement.
Investors will be attentive to the evolution of the price at the levels of 0.28–0.29 dollars, which will determine if Doge can reach the objective of $ 0.30 in the short term.
