Dogecoin (DOGE) is holding strong around the $0.212 support level despite notable 4.3% price fluctuations, signaling promising momentum for a potential rally.
In the midst of geopolitical unrest and changing trade environments, DOGE continues to demonstrate resilience within a volatile crypto market.
The token has stayed above crucial moving averages while forming a possible bull flag pattern, which could push prices toward $0.35 if buying activity remains steady.
Key Technical Points:
- DOGE traded in a 4.3% range from $0.211 to $0.220 in the past 24 hours, confirming a solid support base near $0.212 with high volume rebounds noted at 13:00 and 22:00.
- Price action indicates a bullish recovery from a dip at 16:00, facing resistance in the $0.217-$0.220 band.
- A surge in volume at 20:00 surpassed the daily average, suggesting a resurgence of buying interest.
- Over the last hour, DOGE climbed from $0.215 to $0.216, with significant volume spikes at 01:17, 01:21, and 01:54-01:55.
- Strong buying pressure formed a support zone near $0.215 earlier, followed by a breakout with volumes topping 8 million at 01:16-01:17.
- A pattern of higher lows has emerged, indicating an ascending trend toward resistance at $0.216-$0.217.
- Heavy trading in the final minutes, with volumes exceeding 7 million at 02:01-02:02, points to sustained buyer confidence and a potential for further gains.
