Dogecoin has become heavyweight of the market, with its new boost. Coinbase has officially launched Wrapped Dogecoin (CBDOGE) on the Layer-2-based network of Ethereum. The new Token maintains a 1: 1 PEG with Doge, so that holders can tap into the fast -growing Defi Ecosystem on Ethereum.
This step has not only increased the accessibility of doge, but can also inject a new momentum in its price action. Recent price fluctuations, however, tell a mixed story for traders. Read this Dogecoin price analysis for all details.
Dogecoin Price analysis:
Dogecoin currently costs $ 0.1766, which marks a sharp fall of 6.89% in the last 24 hours, but it still has a win of 13.45% in the past week. Market capitalization is $ 26.45 billion, a decrease of 6.61%, as a result of the wider market decline. In the last 24 hours, Doge varied between a low of $ 0.1692 and a high point of $ 0.1924.
From the graph, Doge was confronted with rejection around $ 0.25 and is now floating in the vicinity of important support at $ 0.176, just below the SMA with 9 periods at $ 0.18097. The RSI is currently at 33.23, which indicates a sold -out conditions and suggests a potential auxiliary trally when buying pressure is resumed.
A decisive rebound of the current levels can open the door for resistance to $ 0.1966, and further to $ 0.22, especially if sentiment shifts positively. A failure to keep above $ 0.1652 could, however, invite further disadvantage, making it a critical support to view.
Read our Dogecoin (Doge) Price Analysis 2025, 2026-2030 for a glimpse into the future of Doge!
FAQs
From now on Dogecoin is traded at $ 0.1766, a decrease of 6.89% in the last 24 hours.
DOGE was confronted with rejection at the level of $ 0.25 and followed the wider market development, in addition to liquidation pressure and investors, warns prior to macro -economic data.
Yes, the CBDOGe of Coinbase could improve the usefulness of doge in Defi, possibly attract new users and increase the activity on the chains, which can support the price repair in the long term.