Dogecoin recovered more than 5% in the last 24 hours, rising from $ 0.163 to $ 0.171, since the launch of Elon Musk of the América Party promoted optimism around a more cryptoized political future.
The rupture was backed by more than 1,100 million in negotiation volume, establishing strong support at $ 0.166. Whale wallets accumulated aggressively during the measure, even when the smallest headlines came out, which suggested a renewed institutional confidence in Doge.
News history
- Elon Musk’s surprise announcement of the America Party during the weekend revived the political and cryptographic debate equally.
- Its platform, which includes a strong pro-bitcoin language and the strong criticisms of the “anti-innovation” financial agenda of Donald Trump, has caused speculations about the role of Dude as a cultural and financial asset in the Musk movement.
- Although no formal mention of Dogecoin was made, Musk’s story of integrating Doge in Tesla and X products (previously Twitter) has fed the speculation that the Token can play a symbolic or transactional role in the vision of the new game.
- The announcement occurs in the midst of broader economic uncertainty. The tariff deadline of July 9 of President Trump looks big in global markets, which contributes to cryptography volatility and actions equally.
- In spite of this, Doge saw a large purchase of whales of whales, particularly those that have 1M-100M Dux, even when retail positions decreased, according to Detotheblock data.
TECHNICAL ANALYSIS
- Dege increased 5.01% for 24 hours from July 6 from 03:00 to July 7 at 02:00, from $ 0.163 to $ 0.171.
- There was a break between 12: 00–13: 00 on July 6, with a price of $ 0.166 to $ 0.173 in 1.14 billion in volume.
- A strong support established at $ 0.166 was established, with a price that consolidates between $ 0.170 and $ 0.173 after reaching a maximum point at $ 0.174.
- Key resistance observed at $ 0.173 during the sale of the late session (21: 00–23: 00).
- In the last hour, Dege won 0.85%, breaking above $ 0.171 with notable peaks at 01:16 (12.8m) and 01:36 (8.0m).
