Dogecoin analysis for April 19, 2021

Looking at the chart on the hourly time frame, we see that Dogecoin found support at 0.25000, making a break again above the moving averages MA20 and EMA20 find support at 0.30000. We are currently testing a zone around 0.40000, hoping that Dogecoin and this resistance will be bridged and moving towards new historical highs. The MACD indicator is also on the bullish side, giving us support to continue the bullish trend.
The digital currency, which was originally launched in 2013 and has been at the center of a series of absurd headlines and scams for years, has marked another chapter in its often confusing history over the last few days.

On Friday, DOGE managed to eclipse Ethereum in total exchange volume, a milestone to an exceptional series that had double the price in one day, covering over 5,000% of profits per year.
However, DOGE is basically a meme, and memes are expanding and basically relying on social media. When the meme can’t spread, the price will drop. On Friday, Google Trends published a Twitter that highlights the global search habits of Bitcoin and DOGE traders.
They found that while most of the world was still focused on BTC, American traders had eyes only on Dogecoin.