Dogecoin Doge experienced sharp swings over the last 24 hours, originally rose to 20 cents before falling to 19.1 cents, representing an area of 6.63%.
The Meme coin formed a V-shaped recovery pattern late in the session and climbed back to $ 0.192 with increasing volume, although resistance remains firm about 20 cents.
News Background
- Dogecoin’s latest price action comes in the midst of renewed interest in the meme-tokens after a series of Crypto Market Shake-ups.
- Speculation about a possible DOGE ETF has been given traction, with polymarket data indicating a 51% chance of SEC approval in 2025 – a development that could inject institutional capital on the market.
- Meanwhile, Dogecoin’s integration with Coinbases Basic Network adds functional value and introduces wrapped doers in defi -ecosystems for the first time on a large scale.
- The ability of the meme coin to draw high-volume support near key levels suggests that institutional buyers may be quiet building positions even when retailers remain cautious.
Technical analysis distribution
• Doge rose from $ 0.196 to $ 0.204 (4.08%) and then turned vigorously to $ 0.191 (6.63% range).
• Resistance confirmed at $ 0.203- $ 0.204 after three refusals of heavy volume (> 1b units at 07:00).
• Support formed to $ 0.192 with short rebounds from this level despite weakness.
• Final Times Fall from $ 0.192 to $ 0.190 followed by a rapid V-shaped recovery to $ 0.192.
• Accumulation signs occurred with volume that rose over 2.3 mi final minuts.
