Dogcoin 
$0.19913611 July at 06:00 and July 12 at 05:00 in the process of 8.6 percent increased by showing a $ 0,198 to $ 0.213 dollars. However, at the end of the day, he returned these gains and closed at $ 0.202. While the transaction volume exceeded 1.1 billion, it was observed that there was a strong resistance between 0.208 – 0.213 dollars. In particular, intensive support was tested at $ 0.200 – 0.201 dollars and the price recovered up to $ 0.202 in the last hours.
Mobility in global crypto markets
Bitcoin in the same session 
$117,784.11Seeing the highest level of $ 118,000, the highest level of all time, led to a upward trend in the general crypto market. It is estimated that corporate investors enter the crypto markets of 50 billion dollars per week. According to experts, global geopolitical tensions relieve the interest in crypto beings by alleviating, improvement in trade relations, and policy changes of central banks, increasing the risk appetite. Dogecoin came to the forefront among other subcoins with high beta feature similar to this rally.
Technical indicators and price behavior
When the price movements were examined, Dogecoin moved between 0,198 and $ 0.213 and had a total fluctuation of 8.6 percent. Strong purchases were observed in the range of 0,200 – 0.208 dollars and there were short -term outputs with high -volume transactions. However, after harsh sales from $ 0.211 level, prices were recycled.
In the analyzes, the rise in the middle session can not be reached over $ 0.213. It is claimed that the profit sales of institutions for profit purposes are effective in accelerating the price reaction. In the last hours of the session, the limit of 0.200 dollars was protected as a critical psychological level.
According to analysts: “Rejection in dollars of $ 0.211 was considered a sign that large investors made systematic profit”.
Market expectations and observed risks
At the beginning of the important question titles for Dogecoin in the coming days, the price is whether it is possible to exceed the $ 0.208 – 0.210 dollar band. A movement below 0,198 – $ 0,200 can be interpreted as a sign of slimming in the trend. On the other hand, the fact that the price is permanent over $ 0.202 can support the continuation of the rise tendency.
The risk appetite in global markets and especially the developments in Bitcoin will continue to be decisive in the performance of Dogecoin and similar subcoins. Experts, corporate capital inflows continue, but for a new wave of rise, the transaction volume confirmation should be monitored.
A market expert: “$ 0,200 is now seen as a critical level, volume confirmation is important for new purchases,” he said.
After the rapid rise of Dogecoin, withdrawal was recorded as one of the typical price movements in the markets with such high volatility. Analysts think that there may be a consolidation in the $ 0,200 – 0.204 dollar band in the coming period.
Finally, in addition to technical indicators for the success of Dogecoin, general crypto market trends and investor sensitivity will continue to be in the forefront. It is stated that sudden movements and high trading volumes may pose a risk for investors.
Dgecoin has shown a remarkable fluctuation in the market with its movement in the last 24 hours. Corporate movements and general market direction continue to be effective on the price. The $ 0,200 level is followed as an important field both in terms of technical and investor psychology. While there is no serious acceleration in the short term, investors are recommended to follow volume and market signals. It is pointed out that general stability and macroeconomic developments in the crypto market are the determinant of direction in all high volatility, especially Dogecoin.
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.
