“Doge Holds Key Level Amid Global Volatility, With New Momentum Emerging After Weekend Sell-Off.”, – WRITE: www.coindesk.com
(Coindesk Data)
- Dogecoin Rebounded 17% from Weekend Lows, Maintening Strong Buying Pressure at the $ 0.16 Support Level.
- Despite Global Tensions, Doge Stabilized Above $ 0.165, Closing At $ 0.1657 with A Nearly 3% Increase from The Session Low.
- Coinbase’s Support for Defi Applications Using Wrapped Dogecoin, Along With Elon Musk’s Influence, Continues to Impact Market Sentiment.
The BounComes As Geopolitic Tensions and Macroeconomic Uncertainty Continue to Weigh on Markets, Yet Doge Appears to Be Building A Higher Low Structure.
News Background
- The Broader Crypto Market Has Been Rocked by Escalating Global Tensions and Unsstable Trade Dynamics, But Dogecoin Has Managed to Hold Gund AFTER A Sharp Decline To $ 0.142.
- In the 24-hour period Ending June 26, Doge Stabilized Above $ 0.165 and Closed At $ 0.1657-Up Nearly 3% from The Session Low.
- Coinbase Recently Added Support for Defi Applications Using Wraped Dogecoin (Wdoge) On Its Layer-2 Base Network, Potentally Expanding the Token’s Use Case.
- At the Same Time, Speculatory Buzz Continues to Swirl AROUND Elon Musk’s X Platform, WHICH HAS NOW SECURED MONEY Transmitter Licenses in 39 US STATES.
- While Dogecoin Integration Remains UnconfirMed, Musk’s Historical Influence on the Token Remains A Factor in Market Sentiment.
Price Action
Doge Traded Between $ 0.1628 and $ 0.1677 Over The Last 24 Hours, Representing A 2.97% Swing. The asset found strong Support at $ 0.1628 Durying The 15:00 Hour, with Nearly 300 Million Doge Traded As Buyers Stepped in. A Sharp Reject AT $ 0.1677 Later Defined Resistance.
In the Final Hour of Trading, Doge Climbed 0.98% from $ 0.1645 to $ 0.1661. Key Momentum Came at 01:28 and 01:34 UTC, With Volume Surging to 10.7M and 20.1m Doge, Respectively – Construction Buyer Interest and Pushing The Price to A LOCAL. The Session Ended with Price Consolidating Above $ 0.1659 As Valativity Cooled.
Technical Analysis ReCap
• Doge Traded Within A $ 0.0049 Range ($ 0.1628– $ 0.1677), Up 2.97% Over The Session
• $ 0.1628 ConfirMed As Strong Support With Volume Nearing 300m Doge Dringing Buy-in
• Resistance ForMed AT $ 0.1677 Durying High-Volume Reject in The 14:00 Hour
• PRICE CLOSED AT $ 0.1657, Forming A Higher Low and Suggesting Bullish Continuation
• 60-minute gain of 0.98% from $ 0.1645 to $ 0.1661 Durying Final Session Hour
• Volume Spikes at 01:28 and 01:34 ConfirMed Strength, Pushing To $ 0.1664 High
• PRICE STABILIZED ABOVE $ 0.1659 in Final 15 Minutes with Dectorying Volatility
Shaurya Holds Over $ 1,000 in Btc, Eth, Sol, Avax, Sushi, Crv, Near, YFI, YFI, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, CAKE, Vet, Vet, Vet RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, Banana, Rome, Burger, Spirit, and ORCA.
He Provides Over $ 1,000 to Liquidity Pools on Compound, Curve, Sushiswap, Pancakeswap, Burgerswap, Orca, AnaSwap, Spiritswap, Roki Protocol, Yearn Finance Olympusdao, Rome, Trader Joe, and Sun.
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