With the trading volume increasing, Dogecoin's 50 - day moving average ($0.36853) maintains a healthy gap above the 200 - day moving average ($0.21111).

 

DOGE still dominates, with a market capitalization of over $55 billion.

 

Despite the recent launch of the Trump and Melania meme coins, Dogecoin [DOGE] has shown resilience. Although these new entrants have triggered speculation and activities, DOGE's price has remained on an upward trajectory. But can DOGE maintain its relevance in the evolving meme - coin market?

 

As of the time of writing, Dogecoin is trading at $0.37834, reflecting a 5.55% increase from the previous trading day. The attached chart shows a clear ascending channel pattern, with the price continuously rebounding between the support and resistance levels.

 

This formation indicates that if DOGE remains within the channel, it may be poised for further gains. The 50 - day moving average of $0.36853 has become a solid support, and the price is still comfortably above the 200 - day moving average of $0.21111, suggesting a bullish momentum.

 

In addition, the Relative Strength Index (RSI) hovers around the neutral zone, indicating that DOGE is not yet overbought and there is room for further upside.

 

On - chain indicators paint an increasingly optimistic picture for Dogecoin. The bull - to - bear ratio shows a clear dominance of buyers, with green candles consistently exceeding red candles over multiple time periods. This pattern indicates strategic accumulation rather than speculative trading, which is particularly important given the current meme - coin market dynamics.

 

According to the data, as of the time of writing, its market capitalization is over $55 billion, of which Trump's official market capitalization is over $11 billion.

 

 

 

Since November, the ADX - SAR system has triggered multiple bullish signals, each heralding a significant price movement. The current technical configuration shows a strong support base forming around $0.36, reinforced by the 50 - day moving average.

 

This structure, combined with the recent decline in selling pressure evident in the trading volume pattern, suggests accumulation at higher levels. Additionally, Dogecoin's RSI remains within a healthy range of 40 - 60, avoiding overbought conditions despite the price increase. This technical equilibrium usually precedes a sustained upward movement, especially in the current trading volume situation.

 

The bull/bear ADX - SAR chart shows a mix of buying and selling pressure, with the recent green candles indicating a low level of accumulation. This could indicate the interest of institutions or whales, further supporting DOGE's price stability.

 

Can Dogecoin Stand Firm? While the emergence of the TRUMP and MELANIA meme coins has added excitement to the field, Dogecoin's consistent performance and established presence provide a stability that new entrants lack, at least for now.