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The crypto assets market has once again attracted the attention of investors, especially the trend of DOGE has sparked widespread interest. Let's take a deep dive into the potential performance of DOGE for the week from July 29 to August 4, 2025.
From a technical perspective, DOGE is currently facing some challenges. As of July 28, its price has fallen to 0.2325, a decrease of 12% from the previous day. This price level is close to the key support range of 0.22-0.23. If DOGE fails to hold this range, it may further decline to 0.198. However, the mid-term support level of 0.142 was successfully held in June and may play a role again.
On the upside, 0.245 is the first hurdle that DOGE needs to break through. If successful, it may trigger a rebound. The subsequent range of 0.25-0.26 is not only an important psychological barrier but also coincides with the Fibonacci retracement level, making it difficult to break through.
In terms of technical indicators, the shortening of the MACD histogram indicates that bullish momentum is weakening, and DOGE may continue to fluctuate in the short term. The RSI indicator is between 60 and 70, showing that the market is slightly overbought, and investors should be wary of potential pullback risks. The Bollinger Band indicator shows that the DOGE price has retreated after reaching the upper band, with the middle band at $0.19 potentially becoming an important dynamic support level.
It is worth noting that in the past week, the open contracts for DOGE increased by 63.9%, reaching 1.62 billion USD, indicating that speculative funds are still actively positioning themselves, and the market heat remains unabated.
From a fundamental perspective, the expectation of an ETF has become an important factor influencing the movement of DOGE. Bloomberg analysts are optimistic about the approval of the DOGE spot ETF, which could bring long-term benefits to DOGE.
Overall, DOGE may fluctuate between 0.22 and 0.26 in the coming week. Investors should closely follow the key level of 0.245 while being alert to potential pullback risks. In any case, the high volatility of the Crypto Assets market means that investors need to stay vigilant and manage risks properly.