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 assist above key transferring averages whereas forming a possible bull flag sample that would 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 assist 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 assist 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 robust assist zone round 0.215 throughout the early minutes, adopted by a decisive breakout at 01:16-01:17 the place quantity surged over 8 million.
- The uptrend continued with increased lows forming a transparent ascending sample, culminating in a brand new resistance take a look at 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 requirements. For extra info, see CoinDesk’s full AI Coverage. This text might embrace info from exterior sources, that are listed beneath when relevant.
Exterior References
- “Dogecoin Eyes $0.35 as Whale Accumulation Indicators Bull Flag Breakout“, The Crypto Fundamental, printed Might 16, 2025.
- “Dogecoin Hovers at $0.22 Following Weeks of Beneficial properties, Analysts Share Combined Outlooks“, NewsBTC, printed Might 17, 2025.
