3 weeks ago
Dogecoin has entered a captious consolidation signifier beneath $0.26 absorption aft experiencing an 18% driblet since its May 10th section high, according to CoinDesk Research's method investigation information model.
Recent whale enactment shows 170 cardinal tokens worthy implicit $40 cardinal were shed successful the past fewer days, perchance mounting up for the adjacent large breakout.
Dogecoin's caller terms enactment shows a wide bull emblem signifier forming aft its awesome rally that began successful aboriginal April.
Despite the existent pullback, method indicators suggest this could beryllium a steadfast consolidation earlier different limb up.
Analysts constituent to a imaginable breakout wrong the adjacent 7 days that could propulsion DOGE toward $0.35-$0.45, representing a imaginable 52-114% summation from existent levels.
Technical Analysis Highlights
- DOGE exhibited beardown bullish momentum, climbing from $0.222 to $0.228, forming an upward transmission with important enactment astatine $0.218-0.219.
- A cardinal absorption portion emerged astatine $0.233-0.234, wherever profit-taking occurred contempt beardown volume.
- The last hour's crisp pullback from the day's precocious suggests imaginable consolidation ahead, though the underlying momentum remains affirmative with higher lows established passim the period.
- DOGE experienced important volatility with a crisp downward correction, falling from $0.233 to $0.227, representing a 2.57% decline.
- Multiple attempts to found enactment occurred betwixt $0.227-$0.228, with little consolidation periods.
External References
- "Dogecoin Price Prediction: One Break Above $0.230 Could Unleash a Full-Blown Meme Rally", cryptonews, published May 18, 2025.
- "Dogecoin Momentum Fades – Analyst Expects $0.213 Retest", NewsBTC, published May 21, 2025.
- "Dogecoin Chart Too Good To Ignore, Says Trader Eyeing Double", NewsBTC, published May 21, 2025.
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