Geopolitical tensions and the evolution of trade policies continue to influence the markets of cryptocurrencies, with Dogecon resilience in the midst of broader economic uncertainty.
Despite the macroeconomic opposite winds, DOGE maintained the support above key mobile averages while forming a potential bull flag model which could target $ 0.35 if it is validated by continuous purchase pressure.
Strengths of technical analysis
- DOGE experienced significant volatility with a range of 4.3% (0.211-0.220) in the last 24 hours, forming a key support area of ​​approximately 0.212 validated by rebounds at high volume at 1:00 p.m. and 10:00 p.m.
- The price action reveals a bullish recovery scheme from the lowest of 4:00 p.m., with resistance emerging at 0.217-0.220.
- The high increase in the volume of the candle above the average 24 hours a day confirms a renewal of the purchase interest, suggesting a potential increase if Doge can maintain its position above the level of support established.
- During the last hour, DOGE demonstrated a significant bullish impulse, going from 0.215 to 0.216 with notable volume tips at 01:17, 01:21 and 01: 54-01: 55.
- The price established a solid support zone around 0.215 during the first minutes, followed by a decisive escape at 01: 16-01: 17 where the volume jumped more than 8 million.
- The upward trend continued with higher stockings forming a clear ascending motif, culminating in a new resistance test at 0.216-0.217.
- The last minutes saw a particularly heavy trading activity with volumes exceeding 7 million to 02: 01-02: 02, confirming a strong interest of buyers and suggesting a movement potential of the increase.
Warning: This article was generated with AI tools and examined by our editorial team to guarantee accuracy and membership of our standards. For more information, see the complete Coindesk AI policy. This article may include information from external sources, which is listed below if necessary.
External references
- “DOGECOIN EYES 0.35 $ while the accumulation of whales signals a break in the flag bull”, the Crypto Basic, published on May 16, 2025.
- “Dogecoin hovers at $ 0.22 after weeks of earnings, analysts share mixed prospects”, Newsbtc, published on May 17, 2025.
