“Memocoin Rebounds from Sharp Correction as Volume-Basted Support Suggests Potential Bottom Formation.”, – WRITE: www.coindesk.com
(Coindesk Data)
- Dogecoin Has Shown Signs of Recovery After A Sharp Drop, Stabilizing Near $ 0.157 with Increased Buying Interest.
- The recent sell-off was Driven by Macroeconomic Uncertainty, But Strong Support Was Found at the $ 0.151 Level.
- Analysts Highlight the Importance of the $ 0.151 Support Zone, with Potential for a Rebound if momentum Continues to Build.
The Sell-Off, Trigger Broader Macroeconomic Uncertainty and Geoplitical Tensions, Found Strong Buyer Interest Near The $ 0.151 Level, With Volume Spiking To 828 Million Union Union.
SINCE THEN, DOGE HAS STABILIZED NEAR $ 0.157, Forming Higher Lows and Hinting at A Potential Bottoming Structure.
News Background
- Global Economic Pressures – from Escalating Trade Disports to Hawkish Central Bank Stans – Have Weighed Heavily on Crypto Markets.
- Doge, Onthen Viewed As A Bellwether for Retail Sentiment, Bore The Brunt of Risk-Off Flows. But despite the volatility, Network Activity Has Remoned Stable, and on -chain Data Shows of Signs of Acccumulation.
- Analysts Point to the $ 0.151 Level As A Crucial Support Zone Following the 8% Plunge.
- Central Banks Continue to Signal Concern Over Inflation, and with Crypto Markets Reacting Sharply to Macro Headlines,
- Doge’s ability to recover from it Lows May Attract Short-TRADRM TRADERS look for signs of a rebound.
Price ActionDoge Droped Sharply From $ 0.164 to $ 0.151 Durying The 21:00 Hour on June 21, with Volume Exploding to 828m – Tete Highest Hourly Tally In Over A Week. This Marked A Clear Capitulation Point, Followed by A Modest Recovery as Buyers Steped In.
Price has since rebounded to the $ 0.157 Level, Forming A Short-Term Consolidation Zone. In the most recent session, Doge Printed A Series of Higher Lows, Including A SMALL BREAKOUT ATTEMPT AT 06:57 WHEN Volume Spiked to Nearly 8M Units. Immediate Resistance Now Sits at $ 0.157– $ 0.160, While Support Remains Firm AT $ 0.151.
Technical Analysis ReCap
- Doge posted a 7.9% Range Over 24 Hours, Falling from $ 0.164 to $ 0.151.
- Capitulation Event at 21:00 Drew 828m in Volume, Confirming $ 0.151 As Major Support.
- Price rebounded to $ 0.157, WHERE IS NOW CONSOLIDATING ON DECLINING VALATITY.
- Higher Lows Suggest Early Accuumulation Pattern Forming.
- Resistance Zone Sits AT $ 0.157– $ 0.160; Bulls Need A Close Above $ 0.160 for Breakout Confirmation.
- Support at $ 0.151 Backed by Extreme Volume and V-Shaped Bounnce.
- MacD Turning Positive; RSI Neutral at ~ 48, Signaling Room for Upside If Momentum Builds.
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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