February 14, 2025 at 19:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin Price Action: Daily Retest of 200 EMA, Bulls Attempt to Fill CME Gap. Where to Next for DOGE?

At the time of writing, on February 14, 2025, at 19:00 UTC, Dogecoin (DOGE) was trading at $0.27375950729557, reflecting a 6.12228708% increase over the past 24 hours. The daily trading volume stood at $1,748,585,271.5723.

Key Metrics

• Circulating supply: 148,041,326,383.71 DOGE
• Maximum supply: N/A
• Total supply: 148,041,326,383.71 DOGE
• Market capitalization: $40,527,720,570.186

Technical Analysis

The daily chart for DOGE/USD reveals a retest of the 200-day exponential moving average (EMA), which acts as a significant technical support level. This retest suggests the presence of buying pressure and a potential reversal in the short-term trend.

The Relative Strength Index (RSI) has crossed above 50, indicating a shift in momentum in favor of the bulls. Further confirmation of this would be provided by a sustained break above the immediate resistance level at $0.278.

On the upside, the next major resistance level lies at $0.30, which coincides with the fill of the CME gap left during the weekend. A successful break above this level could open the door for a further rally towards $0.35.

CME Gap

The CME gap is a technical formation that occurs when a futures contract trades at a significantly different price from the underlying spot market. In this case, the CME gap was created when the DOGE futures contract on the Chicago Mercantile Exchange (CME) traded at a higher price than the spot price.

Historically, gaps are often filled as market participants seek to exploit price discrepancies. As a result, many traders believe that DOGE's uptrend is likely to continue until the CME gap at $0.30 is filled.

Conclusion

The technical outlook for Dogecoin is bullish in the short term, with the daily chart showing a retest of the 200 EMA and a potential fill of the CME gap. A sustained break above $0.278 could trigger a further rally towards $0.30 and beyond. However, caution is warranted as the cryptocurrency market remains volatile, and any pullback in the broader market could impact DOGE's price action.