The DOGE/USDT chart shows that the Dogecoin price at the time of analysis is 0.14168 USDT, showing an increase of 2.05% over the past 24 hours. The daily trading volume of DOGE was 2.10 billion DOGE, indicating increased activity in the market.

Key levels:

24 hour high: 0.14975 USDT

24-hour minimum: 0.13760 USDT

These levels show that the market activity has been high in the last 24 hours, with fluctuations in the range of almost 0.012 USDT.

Technical analysis

1. Moving Averages (MA):

MOTHER (7): 0.14305

MOTHER (25): 0.13812

MOTHER (99): 0.12360

These indicators show that Dogecoin is in an uptrend on a short-term basis. The price is above all key EMAs, indicating that buyers are in the market.

2. Trading Volume: The trading volume over the last 24 hours is 302.45 million USDT, which confirms the increased interest from investors and traders. This factor may also influence the continuation of the upward movement.

3. Supply and Demand Indicators: Supply and demand are almost balanced with a slight bias in favor of sellers (48.68% vs. 51.32%). This indicates that the market is on the verge of a reversal or correction as sellers begin to gain strength.

Historical dynamics

Based on the percentage change data, the following facts can be identified:

Over the past 7 days, DOGE has grown by 29.30%.

Over the last 30 days - by 35.45%.

However, over 180 days, there is a drop of 12.13%, showing that the price has only recently begun to recover from a decline likely caused by broader market trends.

However, over the past year, Dogecoin has grown by 131.41%, making it one of the strongest assets in the cryptocurrency market in the long term.

Forecast

If the current trading volume is maintained and buyer activity continues to grow, a test at 0.15 USDT is possible in the coming days. However, it is important to consider possible market corrections, especially if demand for the asset decreases.

Risks:

1. DOGE's high volatility can lead to sharp price movements.

2. A continued correction in the cryptocurrency market as a whole could put pressure on the price of Dogecoin.

Conclusion

Dogecoin is showing strong short-term growth with high trading volumes and technical indicators confirming the uptrend. However, market participants should remain vigilant for potential market corrections. Current data points to further gains towards the 0.15 USDT level with continued buying activity.