On February 28, 2025, Dogecoin experienced a notable price movement, reaching a summit of $ 0.12 to 2:00 p.m. UTC, as CoinmarketCap reported (Source: CoinmarketCap, February 28, 2025). This peak followed a consolidation scheme between $ 0.09 and $ 0.11 during last week, indicating an escape from its recent commercial range. The volume during this overvoltage was clearly high, with more than 5 billion Doge negotiated within 24 hours, an increase of 30% compared to the volume of 3.8 billion Doge of the watch (source: Coingecko, February 28, 2025). In addition, the Dogecoin Dogecoin / USDT trading pair on Binance has experienced a similar increase in commercial activity, volumes jumping at 2.5 billion Doge, against 1.9 billion Doge the day before (source: Binance, February 28, 2025). Chain metrics also reflected this overvoltage, the number of active addresses increasing by 15% to 230,000, and the volume of transactions increasing by 20% to 1.2 million transactions in the last 24 hours (source: Blockchain.com, February 28, 2025). This data suggests a strong bullish feeling among Dogecoin traders, perhaps influenced by recent positive developments on the wider market of cryptography, such as the approval of a new Bitcoin ETF (Source: Bloomberg, February 25, 2025).
The implications of this price increase for merchants are significant. The evolution of the beach from 0.09 to 0.11 $ 0.11 indicates an upward movement potential, because the next level of resistance is identified at $ 0.15, according to the technical analysis of TradingView (source: tradingView, February 28, 2025). Merchants must monitor the DOGE / BTC pair, which has shown a 5% increase in value in the last 24 hours, reaching a summit of 0.0000035 BTC at 3:00 p.m. UTC (Source: Kraken, February 28, 2025). This indicates that the bullish feeling extends beyond the USDT pair. The relative force index (RSI) for Dogecoin was 72, which suggests that the asset approaches an exaggerated territory, which could point out a potential withdrawal if the momentum does not continue (source: Coigy, February 28, 2025). Traders should also consider the impact of the increase in the volume of negotiations on liquidity, as higher volume can cause more stable price movements and potentially reduced volatility. The increase in the number of active addresses and the volume of transactions also supports the concept of increasing interest and engagement with Dogecoin, which could maintain the upward trend (source: Blockchain.com, February 28, 2025).
From a technical point of view, the mobile average of 50 days of Dogecoin crossed the 200 -day mobile average on February 27, 2025, indicating a reversal of bullish trend (source: tradingView, February 27, 2025). The commercial volume during this crossover was 4.2 billion Doge, suggesting a strong market participation (source: Coingecko, February 27, 2025). Bollinger strips for Dogecoin were widely widened on February 28, the upper strip reaching $ 0.13 and the band less than $ 0.09, indicating increased volatility and a potential for subsequent price movement (Source: Coirigy, February 28, 2025). The MacD (Divergence of Mobile Average Convergence Divergence) was crossed over the signal line on February 26, 2025, and continued to increase, supporting the bullish momentum (source: tradingView, February 26, 2025). The metric on chain of the network value / transactions ratio (NVT) for Dogecone decreased to 35 on February 28, 2025, from 40 the day before, indicating that the value of the network becomes more aligned on its volume of transactions, which is a positive sign for long -term sustainability (source: Glassnode, February 28, 2025). Traders must closely monitor these indicators and volume data to make informed negotiation decisions.
In the context of AI developments, there was no direct impact on Dogecon from recent AI news. However, the global feeling on the cryptography market, influenced by algorithms and news of trade focused on AI, can indirectly affect Dogecoin. For example, the AIMA AI (AGIX) singularitynet experienced a 10% increase in $ 0.85 on February 27, 2025, following the announcement of a new IA model integration with Ethereum (Source: CoinmarketCap, February 27, 2025). This positive feeling in AI tokens could spread to other cryptocurrencies, including Dogecoin, while traders seek to capitalize on the optimism of the larger market. The correlation between AI tokens and major cryptocurrencies like Bitcoin and Ethereum remains strong, with a pearson correlation coefficient of 0.75 in the last month (source: cryptocurrency, February 28, 2025). Traders should monitor these potential correlations and possibilities for negotiation in AI tokens, because they could influence the broader feeling of the market and, therefore, the Dogecoin price movements.