The currency continued $DOGE

Its upward trend over the past 24 hours, rising by 1.67% to close at $0.167, as bullish traders broke through a key resistance level.

This move comes amid ongoing macroeconomic tensions, including escalating trade disputes and geopolitical risks, which have injected volatility into the broader cryptocurrency markets.

The performance of $DOGE is characterized by a steady rise from its weekly lows, forming a strong support base and showing early signs of liquidity accumulation.

News Background

A rise occurred #DOGE following an increase in trading volume during the period from 16:00 to 17:00 UTC on June 24, when the asset's price decisively surpassed $0.166.

This increase was supported by continued buying interest, reinforcing previous support that emerged near $0.162 - $0.163, where significant trading volume was recorded during the hour of 13:00.

The price movement was driven by renewed market concerns, as global trade disputes and diplomatic tensions continue to affect investor sentiment.

High-risk assets have remained under pressure in recent weeks, although the currency $DOGE has shown relative strength, recording higher consecutive lows than its true value and increasing trader participation.

Technical analysts indicate that the current price structure suggests the potential for further gains if Dogecoin maintains its momentum above the $0.165 level and surpasses the resistance level at $0.168.

Price Movement

Dogecoin traded within a healthy price range of 3.4%, from $0.162 to $0.168.

The most dramatic movement occurred in the last 60 minutes of the session, when the price briefly jumped to $0.168 at 07:26 UTC before entering a short-term correction.

This rise was supported by a price increase of 0.28%, thanks to a heavy trading volume exceeding 11.7 million units. Nonetheless, subsequent candles showed profit-taking and formed a descending channel, with Dogecoin's share dropping to $0.166 by 08:04 UTC.

The hours of 07:51 and 08:03 saw notable sell spikes, with trading volume exceeding 4.9 million units.

Technical Analysis Summary

• Dogecoin's share rose by 1.67% over 24 hours, from $0.164 to $0.167.

• The price broke through the resistance level of $0.166 during the period from 16:00 to 17:00 with above-average trading volume.

• Key support was established around $0.162 - $0.163, strongly supported by trading volume during the hour of 13:00.

• The highest price reached $0.168. The session's range was $0.0055 (3.4%).

• Late session volatility witnessed a brief increase of 0.28% followed by a decline of 0.73% in a descending channel.

• The RSI remains neutral; momentum indicators suggest potential continuation if support at $0.165 holds.

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