Global economic uncertainty and business policy shift are creating wave effects in the cryptocurrency markets, showing Dogicine flexibility despite the recent pressure.
Mem coin has formed a clear recession channel with resistance to $ 0.236, although strong purchases emerged at support levels, indicating that the investor’s confidence remains despite broad market concerns.
Technical analysis highlights
- Doge experienced an important downtrend over a 24-hour period, falling from 0.238 to 0.227, which represents a range of 0.015 (6.3%).
- Price action formed a clear recession channel with resistance at 0.236 and supported the emergence around 0.224.
- High quantity of purchases were significantly above the average of 643 meters during 23:00 hours.
- After reaching the cycle low, Dogi has installed a consolidation pattern between 0.227–0.230, which has reduced instability.
- In the last hour, Doge clearly demonstrated significant instability with bottom bottom bottom, which fell from 0.229 to 0.227 (decline).
- Price action formed a series of lower high and lower climb, with notable sales pressure at 13:35 and 13:56.
- A temporary support level was built at 0.227, with the buyers to step at 14:01, the highest volume of the hour was 4.5 meters.
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