Dogecoin price to rise 20%


Support for Dogecoin is around 200-day Exponential Moving Average.

On-chain data shows DOGE is developing more.
A daily candlestick closing below $0.128 would disprove bullishness.

Technical indicators and on-chain metrics suggest a 20% surge for Dogecoin (DOGE) as the dog-based meme currency finds support on key levels and development activity rises.

Dcecoin pricing has potential

Dogecoin's 200-day EMA around $0.132 provides support.

This level is close to the 61.8% Fibonacci retracement level at $0.133 from the swing low of $0.074 on January 8 to the swing high of $0.229 on March 28.

DOGE may rise 20% from $0.141 to $0.175, its May 26 daily high, if this $0.132 support holds.

DOGE may climb 14% to the bearish order block region between $0.198 and $0.202 if bulls are active and the crypto market is favorable. Bearish order blocks are price zones where institutional traders have placed big sell orders.

Santiment's Development Activity measure records public GitHub repository project development events across time.

A growth in this statistic indicates ongoing protocol maintenance, innovation, and improvement, which investors and stakeholders want. Conversely, a drop in the measure may raise concerns about the project's long-term sustainability, creativity, and community participation.

Like DOGE, the index jumped from 0.166 on June 11 to 0.452 on June 13. This increase in DOGE's Developing Activity supports the optimistic view.

Nearly 409,330 addresses gathered 45.26 billion DOGE tokens at $0.114 per IntoTheBlock's Global In/Out of the Money (GIOM). These addresses purchased the dog-based meme coin between $0.096 and $0.138, a critical support zone. If the price retraces, these investors may buy more.

Technical analysis suggests the $0.096 to $0.138 zone is a crucial reversal zone, and the GIOM results match.

#DOGE $DOGE