Geopolitical tensions and changing trade policies continue to impact the cryptocurrency market, with Dogecoin showing resilience amid a more unstable economic backdrop.
Despite macroeconomic headwinds, DOGE has maintained support above key moving averages while forming a potential bullish flag pattern that could target the $0.35 level if confirmed by sustained buying pressure.
Highlights of Technical Analysis
DOGE has experienced significant volatility with a range of 4.3% (0.211-0.220) over the past 24 hours, forming an important support zone around 0.212 validated by large volume recovery at 13:00 and 22:00.
Price action shows a bullish recovery pattern from the low at 16:00, with resistance emerging at the level of 0.217-0.220.
The strong volume of the 20:00 candle above the 24-hour average confirms new buying interest, indicating potential upward momentum if DOGE can maintain its position above the established support.
In the past hour, DOGE has shown significant bullish momentum, rising from 0.215 to 0.216 with a spike in trading volume at 01:17, 01:21, and 01:54-01:55.
The price has established a strong support zone around 0.215 in the early minutes, followed by a decisive breakout at 01:16-01:17 when volume surged to over 8 million.
The upward trend continues with higher lows forming a clear bullish pattern, reaching a peak at the newly tested resistance range of 0.216-0.217.
The final minutes witnessed particularly active trading with volume exceeding 7 million at 02:01-02:02, confirming strong buying interest and indicating further bullish potential.