Dogecoin Doge experienced acute changes in the last 24 hours, initially increased to 20 cents before falling to 19.1 cents, which represents a range of 6.63%.
The meme currency formed a recovery pattern in the form of V at the end of the session, rising to $ 0.192 with an increasing volume, although the resistance remains firm around 20 cents.
News history
- The last Dogecoin price action is produced in the midst of a renewed interest in memes tokens after a series of cryptography market.
- Speculation around a possible Doge ETF has gained traction, with polymicility data that indicates a 51% probability of approval of the SEC in 2025, a development that could inject institutional capital into the market.
- Meanwhile, Dogecoin integration with the Coinbase base network is adding a functional value, introducing Doge wrapped in defi ecosystems for the first time on a large scale.
- Meme’s currency capacity to attract high volume support near key levels suggests that institutional buyers can be building positions in silence, even when retail merchants remain cautious.
Technical analysis breakdown
• Doge increased from $ 0.196 to $ 0.204 (4.08%), then it was abruptly invested to $ 0.191 (6,63%range).
• Confirmed resistance at $ 0.203– $ 0.204 after three rejections in a heavy volume (> 1b units at 07:00).
• The support was formed at $ 0.192, with brief rebounds of this level despite weakness.
• Final drop from $ 0.192 to $ 0.190 followed by a rapid recovery in the form of V to $ 0.192.
• The signs of accumulation arose with a volume that increase more than 2.3 m in the final minutes.
