Global economic uncertainties and trade policy changes create wave effects on the cryptocurrency markets, with Dogecoin showing resilience despite recent downward pressure.
The room even formed a clear bearish channel with resistance at $ 0.236, although strong purchases have emerged at the levels of support, indicating that investors’ confidence remains despite wider market problems.
Strengths of technical analysis
- DOGE experienced a significant drop in the period 24 hours a day, from 0.238 to 0.227, representing a range of 0.015 (6.3%).
- The price action has formed a clear bearish channel with resistance to 0.236 and a support emerging around 0.224.
- High volume purchases took place for 11:00 p.m. with 643 m of volume, which is above average 24 hours a day.
- After reaching the low cycle, DOGE established a consolidation model between 0.227-0,230, with decreasing volatility.
- During the last hour, DOGE presented significant volatility with a clear bias, going from 0.229 to 0.227 (drop of 0.87%).
- The price action has formed a series of lower and lower lower bass, with notable sales pressure at 13:35 and 13:56.
- A temporary support level was formed at 0.227 with buyers working at 2:01 pm, generating the highest volume of 4.5 m per hour.
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