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Dogecoin (DOGE) has trimmed some of this year’s losses after surging by 35.5% in the past 30 days.
Trading volumes in the past 24 hours have declined by 21.3% as DOGE sits at around 22 cents per token.
The market has been choppy today ahead of the Federal Reserve’s FOMC meeting. Data from FedWatch shows that nearly 97% of analysts believe that the U.S. central bank will leave the federal funds rate unchanged today.
However, they will scrutinize Chairman’s Jerome Powell comments to determine if the Fed may be willing to cut rates previously than expected as the macroeconomic landscape seems much less volatile than it was a couple of months ago.
While meme coins as a whole have dropped by 1.3% in the past 24 hours, Dogecoin has retreated by just 0.4%. The token’s dominance of this category has retreated a bit from around 50% to 46% as Solana based meme coins like Bonk (BONK) and Pudgy Penguins (PENGU) have booked solid 30-day gains of 90% and 154% respectively.
$Doge/H4#Dogecoin is moving towards a confluence of trendlines. Support could be found there. pic.twitter.com/u5BqeoGvmd
— Trader Tardigrade (@TATrader_Alan) July 30, 2025
Trader Tardigrade, a well-known crypto trader whose X account is followed by nearly 76,000 users, believes that the key level to watch for DOGE is the $0.20 area, as there’s confluence between multiple confirmed trend lines at that level.
He shared a 4-hour chart that shows three different trend line supports converging at that exact price point. This increases the odds of a strong positive reaction by market participants, especially as all of these trend lines have been respected more than three times after the initial touches.
This could result in a big upward move for DOGE in the near term that propels the token to at least $0.29, meaning a 45% potential gain.
Daily Chart Confirms Relevance of $0.21 – $0.20 Area for Dogecoin
The daily chart confirms the relevance of this price area. The $0.215 – $0.20 level has been a highly contested area in the past two and a half months.
In addition to the trend lines mentioned by Tardigrade and indications of a strong horizontal support in the daily chart, this is also the level where the 200-day exponential moving average (EMA) currently stands.
Hence, as the price nears this sector again, traders should keep an eye on how the price action behaves as either a bearish or bullish breakout may anticipate an explosive move
The Relative Strength Index (RSI) is on a free-fall and has dropped below the 14-day moving average. This recent breather was more than needed as prices had been rallying for multiple days and the RSI had already reached extreme levels at 84 (overbought).
DOGE’s popularity is undeniable as the ‘Genesis’ meme coin. A new crypto presale called Maxi Doge (MAXI) aims to leverage its positive reputation to launch a new version that embodies the current state of the market – up only from here.
Maxi Doge (MAXI) Approaches $100K Raised in Its First Day
Maxi Doge (MAXI) is what happens when you mix too much red bull with overleveraged trades in a bull market.
This token is the tokenized version of a spirit that reigns in crypto’s bullish cycles. No red candles allowed. No need to set a stop loss. Up only and to the moon!
Dogecoin (DOGE) has lagged some of its more exotic peers lately but Maxi Doge promotes the kind of culture with which crypto investors identify when you see Bitcoin (BTC) making new all-time highs every week.
To reap the highest returns, you can buy Maxi Doge at its discounted presale price of $0.0025. Imagine missing out on ‘Doge season’.
To buy $MAXI, simply head to the Maxi Doge website and connect your wallet. You can either swap USDT or ETH for this token or use a bank card to invest.
