- High liquidity and $1.65B daily volume show active interest. Garlinghouse’s DOGE comments signal shifting market perception.
- Potential DOGE integration into X payments remains a key catalyst. Bullish market turn could push DOGE toward $0.24-$0.30.
Dogecoin (DOGE) is trading at $0.1959 USD, showing a −1.32% daily decline. Over the past week, DOGE has gained a modest +1.36%, but remains in a broader downtrend with a −15.56% loss over the past month, −37.91% year-to-date, and −51.78% over the last six months. It currently ranks as the 8th largest cryptocurrency, with a market cap of approximately $29.3 billion.
DOGE is currently hovering near a key historical demand zone between $0.18 and $0.20, which previously acted as a springboard for rallies. Technical analysts on TradingView have noted the formation of a bullish divergence on the daily RSI, suggesting that momentum may be shifting.
However, DOGE must break above the $0.21–$0.22 resistance zone to confirm a reversal. If price fails to hold $0.19, a pullback toward $0.17–$0.18 remains possible.
Dogecoin continues to benefit from high liquidity and strong community engagement. Recently, Ripple CEO Brad Garlinghouse acknowledged DOGE’s relevance in crypto markets, a significant sentiment shift from past criticism.
.@bgarlinghouse talking about XRPL meme coins yesterday @ Apex
Is Brad buying memes? pic.twitter.com/iy9dhZYW7o
— First Ledger (@First_Ledger) June 11, 2025
There’s also growing anticipation around Elon Musk’s potential integration of DOGE into X (formerly Twitter) payment features, which could provide a fundamental catalyst.
Volume remains solid, with a $1.65 billion 24-hour trading volume, showing active interest. If broader market sentiment turns bullish, DOGE could quickly test $0.24, and possibly approach $0.30 in a breakout scenario.
