Dogecoin (DOGE), the original meme coin and long-time fan favorite in the crypto community, has just rolled out a new website.
The redesign brings a modern look and showcases some new updates that reflect Dogecoin’s evolving presence in the crypto space.
Although the website overhaul isn’t the main focus here, it’s worth a visit for anyone keeping tabs on DOGE’s development.
This article focuses on a broader overview of Dogecoin’s current market behavior, along with technical insights aimed at identifying potential trade setups for short- and mid-term strategies.
Source – Cryptonews YouTube Channel
Dogecoin Price Analysis
In the past 24 hours, Dogecoin posted a 10% gain. While the move isn’t massive, it contributes to a 7-day climb of 18%, forming a clear micro uptrend. For holders who recently saw red, this trend brings some much-needed bullish momentum.
Over the past month, DOGE dropped just 4%. That’s a solid improvement, considering it previously faced a 25% drawdown. On a yearly scale, the price sits roughly at break-even. These levels mark a potentially strong entry zone for dollar-cost averaging.
Dogecoin found a bottom in early April and has trended upward ever since. This gradual recovery has lasted about 2–3 weeks. Price now approaches a key resistance level near $0.16. A breakout above this area could extend the rally, though price action may hit resistance before pushing higher.
A trendline drawn from the April low highlights a series of support points. Recent candles on the 4-hour chart closed above this trendline, which signals strength and a possible continuation of the move.
DOGE currently heads toward the $0.1885 level. That zone may bring a rejection, with price possibly dropping to test the 21 EMA. Despite potential pullbacks, the trend remains stable and shows no signs of weakening.
Traders watching closely should focus on the 200 EMA. A break above it could unlock a clean move toward the daily Volume-Weighted Average True Range (VWATR) band. The chart reveals several resistance areas from past price action, so setting take-profit targets along the way remains essential.
A breakout above the 200 EMA could offer a move worth around 2.75%. Leverage traders targeting this zone could see over 20% in gains depending on their strategy. Plotting key resistance zones as take-profit levels helps manage risk while capturing upside.
The VWATR band continues to descend and will likely settle between $0.173 and $0.1756 this week. Price often rejects hard at this level, so traders must stay alert and take profit before the move exhausts.
Next Big Meme Coin – Solaxy (SOLX)
The Solaxy presale is gaining speed. In just under two days, it jumped from $30 million to $31 million. The next target is $32 million, and it looks well within reach. Right now, the $SOLX token is selling for $0.001702, but this price will go up as the presale continues.
To join in, just connect your wallet on the Solaxy website. Best Wallet is the recommended option—it shows your $SOLX tokens before launch and supports easy access across Ethereum and Solana.
After the presale ends, buyers can bridge their tokens to Layer 2. That’s also when $SOLX will start trading on top decentralized and centralized exchanges.
Source – Solaxy Twitter
On April 19, Solaxy launched its testnet, handling 1 million transactions. It started with a speed of 16 transactions per second (TPS), but the team now aims for 10,000 TPS. For comparison, Solana reaches about 6,500 TPS.
Solaxy uses the same virtual machine as Solana but adds roll-up tech for more bandwidth. This launch shows how serious the team is about scaling Solana and improving the ecosystem.
Solana is already fast, but heavy traffic can cause delays and failed transactions. Solaxy steps in to fix these issues, helping Solana run smoothly even during busy times. The team is also building a native bridge that will let users move tokens between Solana and Solaxy from the same wallet.
With over 80 million users this month, Solana is the most active blockchain. The Solaxy bridge could offer them cheaper, faster, and more stable transactions, possibly pulling in a large number of users.
The team also plans to release its own developer platform soon. This will let builders create apps in the Solaxy network. With higher transaction power, developers might even build tools that don’t work on Solana, like fast AI bots or real-world payment systems.
Not many projects deliver gains this big. Solana went 250x last cycle. With Solaxy’s upgrades to the ecosystem, analysts expect major growth ahead.
