Dogecoin Surges on Bullish Momentum, Eyes $0.35 Amid Volatility

  • Dogecoin remains stable despite global political and market uncertainty.
  • Support for DOGE has held above key price averages, with a bull flag chart pattern suggesting future gains.
  • Recent 24-hour trading showed a 4.3% price range, with a strong support level forming at $0.212 on high volume.
  • Notable buying activity and volume spikes indicated renewed investor interest in the $0.215-$0.217 range.
  • Heavy trading in the final session confirmed strong buyer presence, signaling the potential for further upward movement.

Dogecoin has shown steady performance in recent sessions, maintaining support during a period of global political tension and shifting trade policies. The digital asset traded in a $0.211 to $0.220 range over the last 24 hours, with significant investor activity reinforcing a support level near $0.212.

- Advertisement -

Trading data highlights several large volume rebounds, especially around 1:00 p.m. and 10:00 p.m., supporting the case for buyer interest at the lower price range. According to reports, the price rebounded from a low at 4:00 p.m., facing resistance between $0.217 and $0.220. The 8:00 p.m. trading hour saw a sharp increase in volume above the 24-hour average, indicating renewed demand for DOGE.

In the most recent trading hour, the cryptocurrency climbed from $0.215 to $0.216, marked by sharp volume surges at 1:17 a.m., 1:21 a.m., and between 1:54 and 1:55 a.m. Activity at $0.215 established a robust support zone, followed by a rapid breakout at 1:16–1:17 a.m., where trading volume topped 8 million coins. The price trend formed higher lows, pointing to an upward pattern and a fresh resistance test at $0.216–$0.217.

Heavy trading in the final minutes of this session, with volumes over 7 million at 2:01–2:02 a.m., affirmed strong buyer presence and the potential for additional price increases. The observed bull flag pattern, a common technical indicator suggesting possible further gains if buying strength continues, could see the price targeting the $0.35 level if current momentum is sustained.

For more, see Dogecoin Eyes $0.35 as Whale Accumulation Signals Bull Flag Breakout and Dogecoin Hovers at $0.22 Following Weeks of Gains, Analysts Share Mixed Outlooks.

- Advertisement -

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest News

Solana Mobile to airdrop 2B SKR to Seeker users Jan 20 9pmET

Solana Mobile will airdrop its new SKR token on January 20, with a claim...

OpenAI’s ChatGPT Health links records and wellness apps now!

OpenAI launched ChatGPT Health on Wednesday to let users link medical records and wellness...

Strategy’s mNAV Hits 1x as Market Value Matches BTC At risk!

Strategy disclosed on its homepage that its enterprise multiple-to-Net Asset Value (mNAV) has fallen...

a16z Crypto buys BABY in $15M deal to boost Bitcoin DeFi Now

Babylon raised $15 million via a token sale to the digital asset arm of...

Black Cat SEO Poisoning Pushes Fake Apps, Installs Backdoor.

Black Cat used SEO poisoning to place fake software download pages high in search...
- Advertisement -

Must Read

TOP 12 Day Trading Crypto Books For Beginners

Day trading cryptocurrencies has become an increasingly popular financial activity, offering the potential for huge returns to those who understand the market's complexities and...
Bitcoin (BTC) $ 91,186.00 2.51%
Ethereum (ETH) $ 3,161.96 3.84%
XRP (XRP) $ 2.16 6.06%
Bittensor (TAO) $ 270.71 7.79%
Polkadot (DOT) $ 2.14 3.94%
Cardano (ADA) $ 0.401574 3.95%
Chainlink (LINK) $ 13.42 4.24%
Hyperliquid (HYPE) $ 26.85 4.72%
Monero (XMR) $ 436.40 1.44%
Hedera (HBAR) $ 0.12345 4.09%
Toncoin (TON) $ 1.87 1.31%