“The Meme Coin Shows Resilience at $ 0.212 Level Despite 4.3% Price Swings, Suggesting Potential Upside Momentum.”, – WRITE: www.coindesk.com
Dogecoin (Doge) Whales Accumulate 1 Billion Doge Amid Critical Support FormationThe Meme Coin Shows Resilience at $ 0.212 Level Despite 4.3% Price Swings, Suggesting Potential Upside Momentum. May 18, 2025, 7:30 AM
Geopolitical Tensions and Evolving Trade Policies Continue to Influence Cryptocurrency Markets, with Dogecoin Showing Resilience Broader Economic Uncertain.
Despite Macroeconomic Headwinds, Doge Has Maintaned Support Aboport Above Key MOVING AVERAGES WHIR
Technical Analysis Highlights
- Doge ExperienCed Significant Valativity with A 4.3% Range (0.211-0.220) Over The Past 24 Hours, Forming A Key Support Zone AUND 0.212 Validated by High
- The Price Action Reveals a Bullish Recovery Pattern from the 16:00 Low, with Resistance Emerging at 0.217-0.220.
- The 20:00 Candle’s Strong Volume Surge Above the 24-Hour Average Confirms Renewed Buying Interest, Suggesting Potential Upward Momentum if Doge Can Maintain ITSTATOV.
- In the past hour, Doge has demonstrated Significant Bullish Momentum, Climbing from 0.215 to 0.216 with Noable Volume Spikes at 01:17, 01:21, and 01: 54-01: 54-01.
- The Price Established a Strong Support Zone AROUND 0.215 Durying The Early Minutes, Followed by a Decisive Breakout at 01: 16-01: 17 WHERE VOLUME SURGED 8 Million.
- The Uptrend Continued with Higher Lows Forming A Clear Ascending Pattern, Culminating in A New Resistance Test at 0.216-0.217 Range.
- The Final Minutes Saw Particularly Heavy Trading Activity with Volumes Exceeding 7 Million at 02: 01-02: 02, Confirming Strong Buyer Interest And Suggesting Pocher.
Disclaimer: This Article Was Generated with Ai Tools and Review by Our Editorial Team to Ensure Accucy and Adhesion to Our Standards. For more information, See Coindesk’s Full Ai Policy. This Article May Include Information from External Sources, Which Are Listed Below Who Applicable.
External References
- “Dogecoin Eyes $ 0.35 As Whale Accuumulation Signals Bull Flag Breakout”, The Crypto Basic, Published May 16, 2025.
- “Dogecoin Hovers at $ 0.22 Following Weeks of Gains, Analysts Share Mixed Outlooks”, Newsbtc, Published May 17, 2025.
Disclaimer: Parts of this Article Were Generated with the Assistance from Ai Tools and Review by Our Editorial Team to Enseure Accucy and Adherence to Our Standards. For more information, See Coindesk’s Full Ai Policy.
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