Geophysical stress and developed trade policies affect the cryptocurrency markets, showing Dogicine flexibility amidst extended economic uncertainty.
Despite the macroeconomic headwinds, Dogi has maintained support from the major moving averages by forming a potential bull flag pattern that can target $ 0.35 if validated by continuing the pressure to buy.
Technical analysis highlights
- Doge experienced significant instability with the 4.3% range (0.211–0.220) in the last 24 hours, formed a major support area around 0.212 valid by high-volume rebounds at 13:00 and 22:00.
- Price action reveals 16:00 rapid recovery pattern, with resistance at 0.217–0.220.
- The increase in a strong amount of stronger amount of 20:00 candle above the 24-hour average confirms renewed purchasing interest, suggests a potential upstairs speed whether DOGE can maintain its position above the installed support level.
- In the last one hour, Dogge has demonstrated significant speed speed, climbing from 0.215 to 0.216 with notable volume spikes at 01:17, 01:21, and 01: 54-01: 55.
- The price established a strong support area around 0.215 during the initial minutes, followed by a decisive breakout at 01: 16-01: 17, where the volume exceeded 8 million.
- The uptrend continued with high climbing with a clear ascending pattern, concluding in a new resistance test at 0.216–0.217 range.
- The last minutes have seen a particularly heavy trading activity, with more than 7 million at the volume 02: 01-02: 02, which confirms the strong buyer interest and suggests the capacity for the inverted movement.
Disclaimer: This article was generated with the AI Tool and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see the full AI policy of coindesk. This article may include information of external sources, which are listed below when implemented.
External reference
- ,Dogcoin Eyes $ 0.35 whale accumulation signs as bull flag brakeout“, The Crypto Basic, published on 16 May, 2025.
- ,Dogecoin hovering at $ 0.22 after profit, analysts share mixed approaches“, NewsBtc, published on 17 May, 2025.
