The cryptocurrency market is sailing through the choppy waters as geopolitical tensions and commercial disputes create winds against digital assets.
Despite the broader uncertainty of the market, Dogecoin has demonstrated a remarkable resistance, recovering from a significant drop to $ 0.220 and establishing strong support at the level of $ 0.222 with almost twice the average negotiation volume of 24 hours.
This price action has formed a lower clear pattern, which suggests that a bullish impulse is being built despite macroeconomic challenges.
TECHNICAL ANALYSIS
- Doge recovered from a significant fall to 0.220 at 01:00 on May 27 to reach a maximum of 0.232 at 13:00, which represents a range of 0.012 (5.45%).
- The price action formed a lower clear pattern after the volume increase at 01:00, establishing a strong support at the 0.222 level with almost 393 m in volume, almost double the average of 24 hours.
- The subsequent hours showed a constant purchase pressure with a price that remained above the level of resistance 0.227 from 07:00.
- The wake of 13:00 demonstrated an exceptional force with a volume of 558 m, which suggests institutional accumulation and potential to continue the ascending impulse.
- In the last hour, Dege continued its upward boost with a significant price increase from 0.228 to 0.232, reaching its maximum point at 13:19 with a maximum of 0.232175.
- Notable volume peaks occurred in 13: 08-13: 10 (75m combined) and 13:13 (21m), indicating a strong institutional interest.
- A minor setback began at 13:33, with a price portrait at the support level of 0.228 at 13:51, before recovering at 0.229 per session.
- This consolidation above the 0.228 support level suggests that the upward trend remains intact despite the profits, with the resistance 0.232 now established as the next key level to observe.
External references
- “Breakout above this pattern could send Dogecoin to $ 3, says the analyst,” The Crypto Basic, published on May 26, 2025.
- “Dogecoin is about to exploit 225%: the chart indicates an important incoming movement,” Cryptonews, published on May 27, 2025.
- “Dogecoin Breakout incoming? $ 3 target on the horizon – Analyst”, Newsbtc, published on May 27, 2025.
