Global economic uncertainties and commercial policy changes are creating domain effects on cryptocurrency markets, and Dogecoin shows resilience despite the recent downward pressure.
The meme currency has formed a clear bearish channel with resistance to $ 0.236, although a strong purchase arose at support levels, indicating that investor confidence remains despite the wider concerns of the market.
TECHNICAL ANALYSIS
- Doge experienced a significant lower trend during the 24 -hour period, falling from 0.238 to 0.227, which represents a range of 0.015 (6.3%).
- The price action formed a clear bearish channel with resistance to 0.236 and the support emerges around 0.224.
- The high volume purchase occurred during the 23:00 hours with 643 m volume, significantly above the average of 24 hours.
- After reaching the low cycle, Dege has established a consolidation pattern between 0.227-0.230, with a decreasing volatility.
- In the last hour, Dege exhibited significant volatility with a transparent descending bias, falling from 0.229 to 0.227 (decrease of 0.87%).
- The price action formed a series of lower and minimum lower ups and downs, with a remarkable sales pressure at 13:35 and 13:56.
- A temporary support level was formed at 0.227 with buyers intervening at 14:01, generating the highest volume of 4.5m.
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