“The MEMECOIN STEADIED AFTER A Sharp Decline, With Strong Volume Signaling Potential Base-Building Above Key Support”, – WRITE: www.coindesk.com
(Coindesk Data)
- Dogecoin Stabilized AT 16.3 CENTS AFTER A 5% INTRADAY DROP AMID BROADER Market Valativity.
- Despite The Decline, Doge Showed Resiliency With Trading Volume Suggesting Possible Acccumulation.
- Analysts are watching for a bass formation as Doge Consolidates Near Previous Levels, with A Hold Above $ 0.160 Potentilly Leading to A Stronger Move.
Despite the Downturn, Doge Showed Signs of Strength, With Volume at Support Levels Wells Well Above Average, Suggesting Posible Accuumulation As the Market Seeks Direction.
News Background
- Global Markets Continue to Absorb A Wave of Economic Pressure from Ongoing Trade Disports and Policy Uncertain.
- President Trump’s Renewed Tariff Threats and Unresolved Fiscal Debates Are Keeping Risk Assets – Including Cryptocurrencies – On Edge. While Memecoins Like Doge Tend to Amplify these Swings, Thursday’s Price Action Also Showed Signs of Resilience.
- Dogecoin Held Firm Above $ 0.162 with Buyers Stepping in at At Elegated Volume, A Sign That Some Participants May View Current Levels As A Reasonable Entryry Point.
- Technical Analysts are watching for confirmation of a base, with doge Consolidating Near Familiar Levels from Previous Weeks.
- A Continued Hold Above $ 0.160 Could Set The Stage for a Stronger Move if Broader Sentiment Improves.
Technical Analysis• Doge Droped 5.36% from $ 0.170 to $ 0.161 Between July 4 05:00 and July 5 04:00, Closing At $ 0.163.
• A Key Bounnce Occurred At $ 0.162 with Trading Volume Reaching 452m Dringing The 16: 00–17: 00 Hour-More than 2x The 24-Hur Average.
• PRICE ACTION TIGThened Into a Narrow Between $ 0.162 and $ 0.164, Forming A Potential Short-Term Base.
• A V-Shaped Recovery Played Out from 04:00 to 04:59 On July 5, with Price Climbing from $ 0.163 to $ 0.164.
• Volume Surged to 7.3m Doge at 04:29, Marking The Session’s Strongest Recovery Attempt.
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