The popularity of Dogecoin cryptocurrency among traders has increased by 127%

Dogecoin DOGE $0.23 Binance-Peg Dogecoin 2.13% Market capitalization $0.59 billion VOL. 24 hours $0.72 billion is showing signs of potential growth after a long period of consolidation. In early April, the token’s price hit a new local low, but the RSI indicator formed a positive divergence, which often precedes a trend reversal. Additionally, derivatives trading volumes increased: futures by 16.57%, options by 230.64%, and open interest by 127.71%, indicating increased trader activity

Despite this, last week the price of DOGE remained within a narrow range, which raises doubts about the sustainability of potential growth. Nevertheless, the decline in spot sales to the lowest levels of 2025 may indicate a decrease in pressure from sellers and a possible recovery in demand

Technical analysis indicates the formation of an inverted head and shoulders bullish pattern on the 4-hour chart, with the neckline at $ 0.1710. If this line is broken, the potential target price could reach $ 0.1830. However, if the support at $ 0.15 does not hold, a decline to $ 0.13 or even lower is possible

Forecasts for the DOGE price in April 2025 vary. Some analysts expect it to rise to $ 0.22-$ 0.26, provided that the altcoin market as a whole is on the rise. Others believe that without a significant trading volume and community support, significant growth is unlikely. In the short term, the key levels remain $ 0.16 and $ 0.18; a breakout above $ 0.20 could signal the start of a new uptrend

In general, Dogecoin is at a critical stage: technical indicators point to the possibility of growth, but to confirm this scenario, it is necessary to increase trading volumes and overcome key resistance levels.