Why is dogcoin (Dogecoin) price now?

Dogecoin (Doge) The price jumped approximately 7% in the last 24 hours to reach $ 0.181 on March 25. Memecoin traded $ 0.189 to its top top, its highest level in almost two weeks.

The main factors in driving dog prices that are higher now include:

• An initiative of the DOGE RESERVE conducted by the Dogecoin Foundation

• Risk for recovering the risk of fearing fears of trade war.

• A pattern of classic flag on the dog price chart.

The Dogecoin Foundation bought 10 million Doge

DOGE’s continued rising price coincides with the launch of the official Dogecoin Reserve, a step designed to stabilize Memecoin and boost institutional confidence.

Basic Points:

• On March 24th, the Dogecoin Foundation revealed The creation of the “Official Dogecoin Reserve” aimed at supporting long -term price stability and credibility of Doge.

• As part of the initiative, the foundation bought 10 million dogers worth $ 1.80 million.

• The purchase of the strategic Doge of the foundation occurs at a time when entrepreneurs are closely watching signs of institution’s entry into the Memecoin sector, especially in the potential launch of Spot Dogecoin etf In the US.

• On March 25th, the platform of Betting the Crypto Polymarket was shows 72% odds in favor of a Lawocoin ETF launch by the end of the year, from 27% on January 1.

Altcoins are outperforming bitcoin in the middle of the rally rally

Dogecoin’s acquisitions today appear next to a broader rally in the Altcoin market led by avoiding tensions in the trade war.

Key Takeaways:

• Meanwhile, the Bitcoin market cap refused 0.61% at the same time.

• It shows that traders rotate capital from Bitcoin to altcoins such as Dogecoin.

• The difference will appear amidst the signs of avoiding tensions in the trade war.

• On March 24th, US president Donald Trump Twice already signed Trade partners will receive possible exceptions or cuts.

• Investors embrace higher risk assets amid MacRO improvement, favors riskier altcoins with safer bets like Bitcoin.

• Memecoins often appeal Hype driven by retail During the Altcoin rallies, as shown below by performing the leading rank of cryptocurrencies in a 24 -hour -adjusted time.

Related: Dogecoin’s millionaires buy dips as the Eyes of Doge 30% rally

The relatively higher speculation is also reflected in the Dogecoin Futures Market, where the Doge Open Interest (OI) and funding rates are climbing.

What to know:

• On March 25, DOGE’S OI at the Futures Market was around $ 1.80 billion, from March 11 less than $ 1.33 billion, the lowest to four months in time.

• Weekly DOGE funding rates at the same time climb 0.157% from negative levels on March 21.

• Rising Doge Open interest and positive funding rates indicate growing demand for long positions, reflecting bullish emotions.

Dogecoin bouncing with a bear channel

Dogecoin’s price acquisition today appears to be a portion of prevailing Bear flag Pattern.

Key Takeaways:

• A bear flag pattern when the price combines higher within a rising in parallel channel after undergoing strong decline.

• As a technical rule, the pattern is resolved when the price breaks below the lower trend and falls a number of heights of the previous downtrend.

• On March 25, Dogecoin was combined with the inside of the flag channel, with the recent bounces taking place after testing the lowest trend as support.

• However, its overall bias remains skewed on the downside, providing breaks below the lower trendline of the flag next.

• If this happens, the D Dole’s price can drop towards the technical technical downside around $ 0.117 – which drops by approximately 35% from the current price levels – in April.

• Conversely, a breakout above the upper trend of the flag is likely to set up the bearish setup, sending the dog price to the 50-day EMA (the red wave close to $ 0.214) instead.

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.