Geopolitical tensions and evolving commerce insurance policies proceed to affect cryptocurrency markets, with Dogecoin exhibiting resilience amid broader financial uncertainty.
Regardless of macroeconomic headwinds, DOGE has maintained help above key transferring averages whereas forming a possible bull flag sample that might goal $0.35 if validated by continued shopping for strain.
Technical Evaluation Highlights
- DOGE skilled important volatility with a 4.3% vary (0.211-0.220) over the previous 24 hours, forming a key help zone round 0.212 validated by excessive quantity rebounds at 13:00 and 22:00.
- The worth motion reveals a bullish restoration sample from the 16:00 low, with resistance rising at 0.217-0.220.
- The 20:00 candle’s sturdy quantity surge above the 24-hour common confirms renewed shopping for curiosity, suggesting potential upward momentum if DOGE can preserve its place above the established help degree.
- Previously hour, DOGE has demonstrated important bullish momentum, climbing from 0.215 to 0.216 with notable quantity spikes at 01:17, 01:21, and 01:54-01:55.
- The worth established a powerful help zone round 0.215 in the course of the early minutes, adopted by a decisive breakout at 01:16-01:17 the place quantity surged over 8 million.
- The uptrend continued with larger lows forming a transparent ascending sample, culminating in a brand new resistance check at 0.216-0.217 vary.
- The ultimate minutes noticed notably heavy buying and selling exercise with volumes exceeding 7 million at 02:01-02:02, confirming sturdy purchaser curiosity and suggesting potential for additional upside motion.
Disclaimer: This text was generated with AI instruments and reviewed by our editorial staff to make sure accuracy and adherence to our standards. For extra data, see CoinDesk’s full AI Policy. This text might embrace data from exterior sources, that are listed under when relevant.
Exterior References
- “Dogecoin Eyes $0.35 as Whale Accumulation Signals Bull Flag Breakout“, The Crypto Primary, printed Could 16, 2025.
- “Dogecoin Hovers at $0.22 Following Weeks of Gains, Analysts Share Mixed Outlooks“, NewsBTC, printed Could 17, 2025.
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