The price of Dogecoin seeks to $ 0.2290, as the bullish signals indicate a pump

The price of Dogecoin increased by double numbers after the bottom at $ 0.1275 earlier this month, and the technologies suggest a potential leap by 45 %.

Dogecoin (DodgeIt rose to $ 0.17 on Tuesday as Bitcoin (BTC), Most of Altcoins, and the stock market bounced again. 65 % remains less than its highest level in November last year.

Dogecoin price analysis

The Daily Chart suggests an increase in the end, which may reach the large resistance level at $ 0.2285, which is 45 % higher than the current level.

Fallen wedge has been formed since November. The upper side of Al -Safin connects the highest levels since December 8, while the lower side connects the lowest levels since November last year.

These two lines are about to converge, which usually occurs where it occurs. Doug has already moved over the top line of the spacious, indicating a possible outbreak. The upscale expectations are more supported by forming a dual -bottom pattern at $ 0.1445. In addition, the relative power index is 50 neutral level, indicating the momentum of the building.

Stochastic oscillator also rose to the peak area. These techniques indicate that Doge is likely to gather in the coming days, especially if Bitcoin continues to rise towards the psychological brand of $ 100,000.

The potential stimuli of Dogecoin

Dogecoin has many basic stimuli that may raise their price in the coming weeks. Paul Atkins He became the head of the Securities and the New Stock Exchange, which raises the possibility to agree to the Doug ETF spot. GrayScale and Rex-ASPrey applied for ETF spot, which may lead to large flows.

Moreover, Doge PRICE may do a good job with the large whales continuing to collect symbols. The graph below shows that the number of bearers is between 100 million and 1 billion symbols was in an upward path.

Dogecoin may also gain from the constant slowdown in the American economy. In a recent report, the International Monetary Fund warned that the Trump tariff would affect both the American and global economies. Its global growth has been slowed down to 2.8 % this year, a decrease from 3.3 % in 2023, while the American economy is expected to slow to 1.8 % of 2.8 % last year.

While the slow economy is usually unwanted, it may actually help raise encryption prices by paying intervention from the federal reserve. Historically, DOGE and other cryptocurrencies were well performed during periods when central banks reduce interest rates.