Dogecoin found support at $ 0.16 after 6 %dropped: Purchase signals are increasing
Dogecoin found support at $ 0.158 after a harsh decline of 5.7 %. Technical indicators give short -term recovery signals with the increase in the receiver interest.
Dogecoin (DEGE) lost 5.7 %in the last 24 hours and fell to $ 0.158. However, at the end of the day with the voluminous purchases of the price for $ 0.161. This movement indicates that Memecoin has found support in the short term and gives signals of recovery.
According to Coindesk data, Doge was traded in a large price range from $ 0.167 to $ 0.158. 13:00 As of UTC, harsh sales stopped and consolidation started.
📉 The hardest sales took place in 13:00 with 425 million dogs.
📈 The most powerful purchase came at 01:00 with 229 million domestic volume.
🔍 Technical view:
Support Level: 0.158 - 0.161 dollars
Resistance zones: 0.167 dollars and above
Trend: Horizontal-free consolidation after downward printing
At the end of the day, Doge increased from $ 0.159 to $ 0.161 and made a short -term earnings of 1.47 %. Between 01:39 - 01:42, the level of $ 0.161 was exceeded with 4.7 million Doge transaction volume. This breakdown confirmed technically short -term support formation.
“The high -volume rise movement and the increasing social media interest were among the elements that have previously triggered price jumps,” Market analysts say.
🌍 Geopolitical and Sensitivity Effect
Although the cease -fire developments in the Middle East and decreasing blood pressure in global markets, speculative beings such as Memecoins continue to be extremely sensitive to sensitivity. The decline in Dogecoin is seen as a reflection of the atmosphere of escape from a wider risk.
However, it is seen that the decline of investors has turned into an opportunity. In particular, the support of short -term technical structures and voluminous purchases indicate that the price constitutes the base.
📊 Last evaluation:
For Doge, the 0.158 - 0.161 dollar band is currently stands out as a short -term critical region. In order to strengthen the upward acceleration, this level must be achieved. Closes on $ 0.167 and above can open the door of new rise.
Two elements to be considered in the short term:
Whether the voluminous support recruitment will continue,
Protection of price stability above 0.161.