Global economic uncertainties and trade policy shifts create ring effects across cryptocurrency markets where Dogecoin shows resilience despite recent pressure down.
The MEME coin has formed a clear Bearish channel with resistance to $ 0.236, although strong purchases at support levels arose, indicating that the investor’s confidence remains despite wider market problems.
Technical analysis highlights
- DOGE experienced a significant downturn during the 24-hour period and fell from 0.238 to 0.227, representing an interval of 0.015 (6.3%).
- Price action formed a clear Bearish channel with resistance at 0.236 and support that emerged around 0.224.
- Purchase of high volume occurred within 23:00 hours with 643 mi volume significant over the 24-hour average.
- After reaching the cycle low, DOGE has established a consolidation pattern between 0.227-0,230 with declining volatility.
- In the last hour, Doge showed significant volatility with a clear downward bias that fell from 0.229 to 0.227 (0.87% decline).
- Price action formed a number of lower heights and lower low low with a remarkable sales pressure of 13:35 and 13:56.
- A temporary level of support formed at 0.227 with buyers who entered at. 14:01, which generates the highest amount of the hour of 4.5 m.
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