Dogecoin (DOGE) demonstrates notable resilience around the $0.212 support level despite experiencing 4.3% intraday price swings, hinting at the possibility of an upward rally.
Amid ongoing geopolitical tensions and shifting trade policies, cryptocurrency markets remain volatile, yet DOGE continues to hold firm against broader economic uncertainties.
The meme coin has successfully maintained support above critical moving averages while shaping a potential bull flag pattern. If buying momentum persists, this formation could propel DOGE toward a $0.35 target.
Technical Analysis Summary
- Over the last 24 hours, DOGE traded within a 4.3% range between $0.211 and $0.220, establishing a solid support zone near $0.212, validated by strong volume rebounds at 13:00 and 22:00.
- The price movement displays a bullish recovery from the dip at 16:00, with resistance forming around $0.217 to $0.220.
- A notable volume surge during the 20:00 candle, exceeding the 24-hour average, confirms renewed buying interest, signaling potential upward momentum if DOGE holds above its support.
- Within the past hour, DOGE gained momentum, climbing from $0.215 to $0.216, accompanied by volume spikes at 01:17, 01:21, and 01:54–01:55.
- Early in the hour, a firm support base formed around $0.215, followed by a breakout between 01:16 and 01:17 with volume surging beyond 8 million.
- The uptrend continued, marked by a series of higher lows creating a clear ascending pattern, culminating in a resistance test near $0.216 to $0.217.
- Heavy trading activity in the final minutes, with volumes surpassing 7 million at 02:01–02:02, highlights strong buyer demand and the potential for further gains.
