Dogecoin is trying to confirm a wider recovery after its market cap broke a downtrend and moved into the 200-week moving average. At the same time, the DOGE/COPPER ratio has also broken its own downtrend, adding another early signal that DOGE is attempting to regain strength.
Dogecoin Market Cap Tests 200 WMA After DOGE Breaks Downtrend
Dogecoin’s market cap is testing the 200-week moving average after breaking above a short-term downtrend, putting the next DOGE move near a key resistance zone.
The weekly chart shared by Surf on X shows DOGE market cap at about $17.79 billion. The chart also shows a rounded bottom structure forming after a long decline from the 2024 and 2025 highs.
Dogecoin Market Cap Weekly Chart. Source: Surf on X
DOGE market cap recently broke above a descending…
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Source coinpaper.com
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