Dogecoin (Doge) was recovered from an intradic minimum of $ 0.164 to close about $ 0.171, publishing a 4.7% bounce in line with a broader weakness of the market. The measure suggests that institutional buyers can accumulate silently at the lowest levels as market participants prepare for continuous volatility.
News history
- The Dogecoin rebound is produced following intense sales pressure caused by the growing geopolitical tensions between Israel and Iran. The strong correction of the entire market, which triggered mass liquidations, briefly pushed Dog to more than 7% intradic on Wednesday.
- Meanwhile, winds against macroeconomics persist. The Federal Reserve of the USA continues to maintain a restrictive monetary policy, maintaining rates by 4.25% –4.50% while actively reduced its balance, a dynamic that historically has weighed the most risky bets such as doge.
- Even so, Memecoin remains one of the most liquid assets in the cryptographic space, with a daily turnover about $ 1.37 billion and a market capitalization that is maintained above $ 24.7 billion.
- In other places, the technical indicators show that Dege enters the territory of oversized, and the data of social feelings of Lunarcrush reveal a positive tone of 86% in more than 16,000 mentions, which suggests a continuous conviction of the community even in the midst of price volatility.
Doge’s short -term perspective may depend on regulatory developments, including a possible decision of the ETF Spot in the United States, as well as continuous adoption on Platforms Defi as the Coinbase base network, where Doge Doge is gaining ground.
Price action
Dege saw its most acute decrease during 1:00 p.m., falling to $ 0.164 in an increase in volume of 591 m, the highest of the day.
The strong rebound that followed prices withdrew above $ 0.171, where Memecoin found a short -term balance.
Since then, the price action has been consolidated in a narrow band between $ 0.170 and $ 0.1696, with small explosions of volume that suggest accumulation at lower levels.
Technical Analysis Summary
- Dege registered a 4.7%recovery, increasing from $ 0.164 to $ 0.171.
- The main liquidation liquidations occurred at 13:00, with a volume range to 591 million units.
- Volume -based support established at $ 0.164; The resistance remains firm near $ 0.172.
- Recent candles show signs of accumulation, particularly during period 02: 00–02: 02 (volume of 3.4m).
- RSI in 33.29 suggests that Doge may be close to the over -sales territory.
- The price is consolidated just above the short -term support of $ 0.1696.
- If Doge breaks above $ 0.1750, the following resistance zone is at $ 0.1820; Otherwise, a new $ 0.1640 test or even $ 0.150 could trigger a risk environment.
- Technical patterns point to a descending triangle, typically a bearish signal, but reduced volatility suggests stabilization.
Discharge of responsibility: The parts of this article were generated with the help of AI tools and reviewed by the Coindesk editorial team to obtain precision and adhesion to our standards. For more information, see Coindesk’s complete policy.
