Dogecoin (DOGE) declined by 6%, slipping below $0.23 but found solid footing at around $0.227 as buyer demand began to resurface. This support level helped mitigate further losses amid bearish market conditions.
Global economic challenges and shifting trade policies continue to impact the crypto sector, yet Dogecoin demonstrated resilience by maintaining key support levels despite downward pressures.
Trading within a bearish channel, DOGE faces resistance near $0.236. Still, consistent buying interest at $0.227 indicates that investors remain optimistic, holding the line amid broader market uncertainty.
Technical Summary
- Over the past day, DOGE fell from $0.238 to $0.227, a 6.3% decrease.
- The price action carved out a bearish channel with resistance around $0.236 and support near $0.224.
- Peak trading volume reached 643 million at 23:00, substantially above the 24-hour average.
- DOGE has since entered a consolidation phase between $0.227 and $0.230 with reduced price volatility.
- In the most recent hour, the price fell 0.87%, sliding from $0.229 to $0.227 amid heightened volatility.
- The chart reflects a pattern of lower highs and lower lows, with marked selling activity at 13:35 and 13:56.
- Buyers stepped in at $0.227 at 14:01, generating the highest hourly volume spike of 4.5 million.
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