Geopolitical tensions and evolutionary commercial policies continue to influence cryptocurrency markets, with dogcoin that shows resilience in the midst of broader economic uncertainty.
Despite the winds against macroeconomic, Doge has maintained the support above the key mobile averages while forms a possible bull flag pattern that could point to $ 0.35 if validated by the continuous purchase pressure.
TECHNICAL ANALYSIS
- Doge experienced significant volatility with a range of 4.3% (0.211-0.220) in the last 24 hours, forming a key support zone around 0.212 validated by high volume rebounds at 1:00 p.m. and 22:00.
- The price action reveals an upward recovery pattern from the minimum of 16:00, with an emerging resistance to 0.217-0.220.
- The strong increase in the volume of the candle from 20:00 above the average of 24 hours confirms the renewed purchase interest, which suggests a potential impulse up to the rise if Doge can maintain its position above the level of established support.
- In the last hour, Dege has demonstrated a significant bullish impulse, rising from 0.215 to 0.216 with notable volume peaks at 01:17, 01:21 and 01: 54-01: 55.
- The price established a strong support zone around 0.215 during the first minutes, followed by a decisive break at 01: 16-01: 17 where the volume increased more than 8 million.
- The upward trend continued with higher minimums forming an ascending clear pattern, which culminated in a new resistance test in the range of 0.216-0.217.
- The final minutes saw a particularly heavy commercial activity with volumes greater than 7 million to 02: 01-02: 02, confirming a strong interest of the buyer and suggesting potential for a more upward movement.
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External references
- “Dogecoin Eyes $ 0.35 As accumulation of whales indicates the rupture of the bull flag”, The Crypto Basic, published on May 16, 2025.
- “Dogecoin looms at $ 0.22 after the weeks of profits, analysts share mixed perspectives,” NewsbTC, published on May 17, 2025.
