Dogecoin staged a sharp improvement after a dramatic sale of weekend, with the token dropping to a low level of $ 0.143 before rebuilding over $ 0.153.
The move came in the midst of rising trading volume – over five times the daily average – confirms the buyer interest at critical support levels and hinted at a potential momentum change as wider markets remain turbulent.
News Background
- Global macroeconomic uncertainty continues to rattle digital assets. Geopolitical tensions and trade disputes between larger economies have reinforced volatility across risk markets.
- Meanwhile, inflationous concerns and continuous control of the Federal Reserve Monetary Policy have contributed to a cautious mood in crypto.
- Doge’s latest rejection came in a period of intense sales pressure, but strong volume -supported support for $ 0.145 appears to have triggered a reversal.
- Despite being an asset with high beta, Dogecoin’s recovery from its local low lower market structure is suggesting in view of the wider weakness seen across Altcoins.
- Technical analysts look closely whether DOGE can maintain its momentum over $ 0.153 and break through short -term resistance when bullish volume accelerates.
Price action
DOGE Posted a fleeting 9.1% range over the 24-hour window that dropped from $ 0.157 to $ 0.143 before rebuilt to close nearly $ 0.153. Most dramatic sales occurred in hours 13-14, where the volume was connected to over five times the average and established a fixed floor of $ 0.145.
In the last trade hour, Dogecoin increased from $ 0.152 to $ 0.153, with a remarkable outbreak over $ 0.153432, which occurred after 04:58. Volume rose again at. 05:11 (10.7 m), confirming the buyer strength and pushing DOGE to a new local high.
Technical Analysis Suggestion
- DOGE dropped from $ 0.157 to $ 0.143 and rebound to $ 0.153 – a 9.1% turn.
- Volume over the course of 13-14 hours tip exceeded 5x daily average, confirming the support of $ 0.145.
- Uptrend formed with clear higher low low from $ 0.145 to $ 0.152.
- Breakout over $ 0.153 Resistance occurred after 04:58 and pushed the price to $ 0.153432.
- Volume wave at. 05:11 (10.7 m) confirmed the breakout strength.
- The last hour showed lasting bullish momentum and strong consolidation over $ 0.152.
- Price action is now targeted at the $ 0.155- $ 0.158 zone with $ 0.145 holding as key support.
