.png){kind=logo}
Dogecoin continues to gain attention across crypto markets, trading at $0.2452 after a 124.89% rise over the past year. The token now holds a market capitalization of $37.09 billion, positioning it among the leading digital assets despite a 1.51% daily dip.
In the past 24 hours, trading volume reached $3.2B, suggesting stable market activity. The Vol/Market Cap ratio stands at 8.75%, signaling consistent liquidity.
At $37.09 billion, Dogecoin's fully diluted valuation corresponds to its current market cap exactly, thus indicating a balanced supply situation. The circulating and total supply remain the same, at 151.27 billion DOGE each, and a profile score of 61% indicates moderate investor confidence, although it is not very high. In the long run, DOGE has experienced a considerable uptrend, starting from $0.107 at the end of 2024, rising to approximately $0.40, and then retracing to its current level.
Such listings often facilitate institutional exposure, as they imply easier access to the market and improved liquidity via ETFs. According to analysts, a greenlit DOGE ETF would attract both retail and institutional investors, thereby boosting the ongoing trend of cryptocurrency accumulation. However, the concept still owes its existence to speculation until the official registration or listing from the regulators turns up.
On the compliance front, the U.S. Securities and Exchange Commission (SEC) has recently ruled that meme coins fall under the category of collectibles rather than securities. This new classification lessens the compliance burdens for the crypto issuers and platforms. The decision is in sync with the existing crypto-friendly policy under the Trump administration that redefined digital assets to promote and not hinder innovation.
A recent chart posted by Income Sharks on X (formerly Twitter) shows DOGE moving inside a rising channel against Tether (USDT). At press time, Dogecoin traded at $0.25853, gaining 4.74% on the day. The analysis projects a potential move toward the upper resistance zone between $0.33 and $0.35.
The setup displays consistent price growth supported by ascending trendlines that form the channel structure. Current support rests near $0.22, where the token has repeatedly rebounded. Meanwhile, upper resistance continues to test previous rejection points, leaving traders cautious but optimistic.
In line with the trend, the On-Balance Volume (OBV) indicator has increased to 636.8 billion with an increasing buying pressure. This gradual growth in volume indicates that market participants are not selling positions but hoarding DOGE. The correlation between volume and price implies the revived confidence and the continued bullish mood of traders.
Analysts expect that, should the uptrend continue, Dogecoin will be able to break its multi-month resistance at around $0.35. However, a decline below the lower limit of the channel can be an invitation to short-term selling pressure, and then the recovery will commence.
Dogecoin’s market position continues to strengthen as it trades near $0.245 with a $37B capitalization. The rising channel pattern signals potential bullish continuation, while ETF speculation adds momentum to investor interest.
Read More: Dogecoin News Today: DOGE Price Prediction & Which Altcoin Could Replicate Dogecoin's Early Success
