DOGE Climbs as Whale Activity Boosts Bullish Momentum

headlines4Cryptocurrency9 months ago1.6K Views

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The authentic meme coin continues its bullish momentum as international financial uncertainties push buyers towards various property.

DOGE’s technical construction exhibits a sequence of upper lows and better highs, with help firmly established at $0.225 and resistance at $0.230 lately breached.

Market analysts level to the formation of a “bull flag” sample suggesting continuation of the prior uptrend, with some projecting targets as excessive as $0.65 if present momentum sustains.

Technical Analysis Highlights

  • DOGE-USD demonstrated outstanding energy over 24 hours, rallying from $0.218 to $0.230, representing a 6.43% acquire.
  • Price motion shaped a transparent uptrend with larger lows and better highs, breaking by key resistance at $0.220 with above-average quantity.
  • Support has established at $0.225, confirmed by robust shopping for quantity exceeding 300M in consecutive hours.
  • Steady development towards $0.230 suggests momentum stays firmly bullish with potential for continued upside.
  • In the final hour, DOGE continued climbing from $0.229 to $0.230, with a notable surge at 07:07 the place quantity exceeded 21M cash.
  • Short-term value motion shaped a sequence of upper lows with robust help at $0.229.
  • Resistance at $0.230 was examined a number of instances earlier than being breached at 08:01 on almost 10M quantity.

External References



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