Dogecoin (DOGE) dropped 6% amid persistent bearish pressure but managed to hold firm support near $0.227, as renewed buyer interest suggests a possible turnaround.
Despite broad market uncertainties driven by global economic shifts and evolving trade policies, Dogecoin has maintained resilience, with investors showing confidence at critical support zones.
DOGE remains confined within a bearish trend channel, facing resistance around $0.236. Nevertheless, robust buying activity at the $0.227 level highlights ongoing demand, signaling potential stabilization ahead.
Technical Overview
- DOGE’s price declined from $0.238 to $0.227 over the past 24 hours, a drop of roughly 6.3%.
- The token is trading inside a bearish channel, with resistance near $0.236 and support forming around $0.224.
- High-volume buying was recorded at 23:00, with trading volume spiking to 643 million, well above the daily average.
- After hitting a cycle low, DOGE entered a consolidation phase between $0.227 and $0.230, accompanied by decreasing volatility.
- In the last hour, the price slid 0.87% from $0.229 to $0.227, reflecting continued bearish momentum.
- A sequence of lower highs and lower lows persisted, with notable sell-offs occurring at 13:35 and 13:56.
- Buyer support solidified at $0.227 around 14:01, leading to the highest volume of the hour at 4.5 million.
