Dogecoin’s (DOGE/USD) price action is regaining traction after weeks of consolidation, with the meme coin attempting to reclaim its former glory. As of January 15, 2025, Dogecoin is trading near $0.3610, supported by a bullish crossover of the 10-day Simple Moving Average (SMA) at $0.3465.
The crypto has rebounded from December’s lows around $0.2622, signalling buyer interest. Dogecoin is flirting with the key resistance at $0.3981, which previously capped gains in November. A successful break above this level could catapult the price toward $0.45 and $0.48, areas last seen during its November rally.
Market sentiment remains cautiously optimistic as DOGE holds above the psychological $0.30 handle, which has been tested multiple times since late December. This level now acts as a strong support zone, underpinned by increasing on-chain activity and renewed retail enthusiasm.
From a technical perspective, the upward momentum will likely face challenges around $0.3981 unless trading volumes surge. Below $0.30, the next safety nets rest at $0.2622 and $0.2194, levels that previously triggered reversals during the mid-2024 correction.
The path of Dogecoin continues to be uncertain, driven by both large investors and individual traders shaping its price story. However, the coin’s durability during wider market fluctuations may draw fresh attention as traders aim to benefit from the continuing surge.
This post was last modified on Jan 15, 2025, 09:05 GMT 09:05