Dogecoin gathered sharply in the light of the global macrous security and climbed 5% during the 24-hour session, which ended July 23 at 1 p.m. 05:00 GMT. The move came as increased geopolitical tensions that were burned risk-cooled, but DOGE nevertheless showed resistance with strong intraday recovery and volume-supported support for re-determination that attracted renewed interest from tactical dealers.
What to know
• DOGE traded in a tight $ 0.01 area between $ 0.26 and $ 0.27, representing a 5% spread during the session from July 22 at. 06:00 to 23 July at. 05:00 GMT.
• Volume hit 720.64 million and 717.84 million under central reversing windows-nest 75% over the 24-hour average of 408.52 million.
• The final trade hour saw DOGE SPIKE to $ 0.27 before going back to $ 0.26 in a single minute volume outbreak of 10.47 million at 1 p.m. 05:06 GMT.
• Technical indicators suggest consolidation around $ 0.26- $ 0.27, with support established on lower ties despite the profits on the final session.
News Background
Dog’s price action comes in the midst of broad-based crypto market hesitated bound to macroeconomic uncertainty, including renewed trade restrictions in Asia and fluctuating atmosphere in risk-on assets. Meme coin has recently become a power of attorney to high-beta-crypto-betting, with institutional commercial tables noting an increase in volume-based strategies that spot volatility normalizes.
Summary of Price Action
DOGE issued an initial decline against $ 0.26 around 19:00 GMT, before staging a full retracement for $ 0.27 with 23:00 GMT. The most notable reversing took place in the last 60 minutes, with DOGE climbing steadily before sharply overwhelming the speed and sent the asset back to support levels of $ 0.26. The recovery demonstrated clear short -term accumulation behavior, but lacked follow -up by resistance.
Technical analysis
• Intraday Range: $ 0.26- $ 0.27 (5% turn).
• Intraday Low formed near 19:00 GMT, recovery to $ 0.27 with 23:00 GMT.
• Resistance confirmed at $ 0.27 with rejection in the middle of volume tips.
• Support held several times near $ 0.26 with jumps on candles with high volume.
• Last hour was pronounced volume -driven reversing followed by profit recording.
• Volume with a minute hit 10.47 million at. 05:06 GMT, coinciding with a sharp $ 0.01 fall.
• RSI shows neutral zone; MacD Flatlining after the recent crossover.
Which dealers are looking at
• Can Dog Consolidate Over $ 0.26 in the next 12-24 hours, or will sellers Genthest $ 0.25 Support?
• Dealers look at breakout signals from resistance to $ 0.27, which has held on despite Bullish Intraday activity.
• Look for follow -up volume over 750 million to confirm speed continuation.
• A move below $ 0.256 could trigger stop running against $ 0.24 levels.
(Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.)
