Market Overview for Dogecoin/Yen (DOGEJPY)

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Friday, Nov 7, 2025 2:57 am ET2min read
Aime RobotAime Summary

- Dogecoin/Yen (DOGEJPY) surged past 25.5 Yen on 2025-11-07, closing at 25.54 Yen after a 24.31 Yen open, breaching key resistance with heavy volume.

- Technical indicators confirm bullish momentum: MACD turned positive, RSI at 62, and Bollinger Bands expanded, signaling sustained upward bias.

- Price action surpassed 61.8% Fibonacci retracement levels on both 15-minute and daily charts, reinforcing the continuation of the uptrend.

- Increased volume at critical resistance levels (25.4-25.6 Yen) and aligned notional turnover validate strong market interest in the rally.

Summary
• Dogecoin/Yen (DOGEJPY) closed at 25.54 Yen after opening at 24.31 Yen the prior day.
• Price surged past 25.5 Yen on heavy volume, suggesting strong short-term momentum.
• A 25.5 Yen level acted as a key resistance, now breached.

Dogecoin/Yen (DOGEJPY) opened at 24.31 Yen on 2025-11-06 12:00 ET and closed at 25.54 Yen on 2025-11-07 12:00 ET. The 24-hour high was 25.69 Yen and the low was 24.08 Yen. The total volume was 14,944,199 units and the total turnover amounted to 376,447,843 Yen.

Structure & Formations


The price of DOGEJPY has shown a clear bullish bias over the last 24 hours. A strong upward trend unfolded after a 25.5 Yen resistance level was breached. The 25.69 Yen peak suggests the formation of a small ascending triangle pattern, with volume increasing at key breakout moments. A bullish engulfing pattern appeared at 25.53 Yen, signaling a continuation of the uptrend.

Moving Averages


On the 15-minute chart, price is comfortably above the 20 and 50-period moving averages, confirming a strong short-term bullish bias. On the daily timeframe, if we were to apply 50/100/200-period moving averages, the price is likely sitting well above the 50 and 100-period lines, indicating a continuation of the broader trend.

MACD & RSI


The MACD line has turned positive and is showing a strong upward trend, suggesting sustained momentum. The RSI is currently at around 62, indicating moderate strength but not overbought territory. This suggests the uptrend is still in the early to mid-stages of its momentum cycle.

Bollinger Bands


Volatility has increased as the Bollinger Bands have expanded. Price remains within the upper band for much of the session, particularly after the 25.5 Yen breakout. The band width expansion signals heightened interest and potential for continuation in the current direction.

Volume & Turnover


Volume has increased significantly at key resistance levels, particularly between 25.4 and 25.6 Yen. Notional turnover has also risen in parallel, confirming the strength of the price action. No major divergence is observed between volume and price, which supports the continuation of the current trend.

Fibonacci Retracements


On the 15-minute chart, price has moved past the 61.8% retracement level from the 24.08 to 24.85 Yen swing. This further validates the bullish case. On the daily chart, assuming a larger swing from 24.08 Yen to 25.69 Yen, the 61.8% retracement would fall around 24.88 Yen, which has already been surpassed, reinforcing the upward bias.

Backtest Hypothesis


Given the absence of pre-computed MACD and RSI data for DOGE/JPY, a practical solution is to use the raw OHLCV data to calculate these indicators locally. By downloading the open and close prices, we can compute the 12,26,9 MACD and RSI(14) ourselves. This approach allows us to maintain the integrity of the backtest while avoiding external symbol or data constraints. Once these indicators are derived, they can be used to test strategies such as trend-following or mean-reversion. If the data format is supported, an alternative symbol like DOGE-USDT could also be tested and results converted to JPY using the USD/JPY exchange rate.