Dogecoin Rebounds 5.5% Amid Increased Whale Activity, Igniting Market Optimism

Despite ongoing geopolitical tensions and market uncertainties, Dogecoin (DOGE) has shown notable resilience, buoyed by strong support levels and increased buying activity from large holders.

While the broader crypto market faces pressure from global economic challenges, DOGE managed to recover sharply after dipping to $0.220 earlier in the day. It quickly found solid footing around $0.222, supported by trading volumes nearly double the average over the past 24 hours.

This price action forms a distinct higher low pattern, signaling a growing bullish momentum despite the difficult macro environment.

Technical Highlights:

• DOGE rebounded from a low of $0.220 at 1:00 AM, climbing to a high of $0.232 by 1:00 PM—a 5.45% increase within 12 hours.
• A significant volume spike at 1:00 AM saw nearly 393 million DOGE traded, almost twice the usual daily volume, helping to establish strong support at $0.222.
• Buyers remained active through the morning, maintaining prices above the $0.227 resistance level from 7:00 AM onward.
• The 1:00 PM candle demonstrated strong momentum with a volume surge of 558 million DOGE, indicating possible institutional interest.
• DOGE’s upward trend continued into early afternoon, with prices moving from $0.228 to a peak of $0.232175 at 1:19 PM.
• Volume bursts between 1:08–1:10 PM (75 million combined) and at 1:13 PM (21 million) suggested increased whale activity.
• A minor pullback started at 1:33 PM, with prices retreating to $0.228 by 1:51 PM before settling at $0.229 by session close.
• This consolidation above $0.228 implies that the bullish trend remains intact, with $0.232 now the key resistance to watch.