Dogcoin $0.1514956.56 percent in the last 24 hours, gaining the value of investors attracted the attention. The crypto currency rose from $ 0,1508 to $ 0.1632 from the two -month bottom level. This movement was supported by a broken down trend in technical analysis and increased trading volume. Despite the uncertainties in global markets, it is stated that there are technical indicators and new purchases behind the recovery in Dogecoin.
Recent developments in the markets and Dogecoin’s resistance
In recent days, geopolitical tensions between the US and Iran have increased volatility in global markets. At the end of the week, a short -term sales pressure was experienced in the crypto market after the US air strikes in Iran. However, Dogecoin recovered faster than leading crypto coins in this environment and received a positive reaction from investors.
Technical experts point out that Dogecoin’s long -standing trend line has created a short -term change in the market structure. RSI indicator out of the extreme sale zone to recover and the volume of transaction exceeding 800 million units, led to evaluations that sales pressure decreased.
Process Volume and Technical Indicators
Analysts, the rise in Dogecoin is supported by the volume of transaction, especially in the evening. The price of 3.77 percent within one hour at 22:00 UTC hours revealed high purchase interest. Following this movement on critical resistance points, the market price refreshed the short -term summit at $ 0.1632.
In the last hours, a slight retreat and consolidation was observed in prices. The short -term support level in Dogecoin over $ 0,161 has become a safe port of investors and algorithmic purchases. From a technical point of view, the $ 0.150 region is considered a strong floor, while the level of $ 0.165 is observed to be a new resistance.
Network Foundations and Market View
The process volume in the Dogecoin network and the number of active wallets tended to increase in the last week. Many analysts say that network dynamics maintain the robustness and short -term investor interest continues. Although macroeconomic uncertainties continue, it is stated that investors’ tendency to turn to alternative digital assets periodically has increased.
Technical Analyst John Smith evaluated: “Dgecoin’s last rise is based on strong transaction volume and exceeded technical resistors. If the investor interest continues, it can be expected to move to 0.17-0.18 dollars.”
Experts argue that the current price movements indicate a healthy consolidation and despite market fluctuations, the upward potential is preserved. In this process, it is recommended that investors focus on critical support and resistance zones.
Dogecoin’s technical indicators reveal that it has been recovered from the excessive level of sale, while the tendencies pointing to the rise in indicators such as MACD come to the fore. Especially when examined from a short -term perspective, the acceleration seems likely to continue if the process volume remains alive.
The resistance of Dogecoin against general fluctuations in the crypto market was remarkable for investors and market participants. Creating significant support and resistance levels in price movements paves the way for potential short -term movements. In particular, the increase in network activity, the support of the rise of technical indicators and the increase in transaction volume were among the prominent elements.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
