Based on the latest market dynamics and market analysis on February 6, 2025, the following is a summary of key information about Dogecoin (DOGE) within 24 hours:


### 1. **Price and Trading Volume**
- **Current Price**: As of 05:35 on February 6, 2025, the price of DOGE is $0.26189, with a decrease of about 0.15% in the past 24 hours, and the exchange rate to RMB is about 1.879 yuan.
- **Trading Volume Change**: The 24-hour trading volume is $2.823 billion, a decrease from the previous day, indicating a sluggish market with prices and trading volume declining in sync.
- **Price Range**: The highest price in the past 24 hours was $0.26916, and the lowest price was $0.25408, with a fluctuation of approximately 5.91%.
​### 2. **Technical Analysis**
- **Support and Resistance Levels**: The current support levels are concentrated in the range of $0.24-0.35, with resistance levels at $0.44-0.50. A breakthrough may test the historical high of $0.74.
- **Indicator Signal**:
- **MACD**: Shows weakening bullish strength with no clear trend.
- **KDJ**: Neutral value (39-76), no golden cross or dead cross signal.
- **Williams Indicator**: Not in overbought or oversold territory, the market is in a oscillating adjustment phase.
### 3. **Market Sentiment and Short-Term Forecast**
- **Analyst's view**: Some analysts believe that the current market needs to wait and see, wait for the trend to become clear, and may continue to pull back or fluctuate in the short term; there are also views that if Bitcoin retests the bottom, it may also affect the trend of Dogecoin.
- **Trading Strategy Recommendation**: Technically, it is suggested to pay attention to the buying point at 0.23-0.24 US dollars, with a stop-loss at 0.23 US dollars; if it rebounds to around 0.32-0.34 US dollars, selling can be considered.
### 4. **Industry Trends and Long-Term Outlook**
- **Market Position**: Mainstream media (such as the 'Indian Express') emphasizes that Dogecoin has shed the 'joke currency' label and its market value has stabilized at several billion US dollars, becoming a representative in the meme coin field.
- **Long-term Forecast**: Some analysts predict that it may surpass $1 by 2025, and even reach higher targets such as $10, but it depends on the continuation of the bull market and increased institutional interest.
​### 5. **Risk Warning**
- **Structural Risk**: Unlimited supply may lead to selling pressure. If the market value reaches $1.37 trillion (equivalent to $10), it will far exceed the current level of Ethereum, making it difficult to achieve.
- **Regulation and Volatility**: The meme coin market still lacks effective regulation, and high volatility may lead to short-term intense fluctuations.
​### Summary
Within 24 hours, Dogecoin has undergone a technical adjustment, with a decrease in market trading activity. In the short term, it is necessary to pay attention to the trend of Bitcoin and key support levels. The long-term potential is greatly influenced by community activity, celebrity effects (such as Musk), and regulatory progress. Investors need to consider their own risk preferences and operate with caution!
DOGE8,08%
BTC4,51%
ETH7,55%
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