Dogecoin Extends Rally as Whale Accumulation Signals Growing Confidence

2 weeks ago

The archetypal meme coin continues its bullish momentum arsenic planetary economical uncertainties propulsion investors toward alternate assets.

DOGE's method operation shows a bid of higher lows and higher highs, with enactment firmly established astatine $0.225 and absorption astatine $0.230 precocious breached.

Market analysts constituent to the enactment of a "bull flag" signifier suggesting continuation of the anterior uptrend, with immoderate projecting targets arsenic precocious arsenic $0.65 if existent momentum sustains.

Technical Analysis Highlights

  • DOGE-USD demonstrated singular spot implicit 24 hours, rallying from $0.218 to $0.230, representing a 6.43% gain.
  • Price enactment formed a wide uptrend with higher lows and higher highs, breaking done cardinal absorption astatine $0.220 with above-average volume.
  • Support has established astatine $0.225, confirmed by beardown buying measurement exceeding 300M successful consecutive hours.
  • Steady progression toward $0.230 suggests momentum remains firmly bullish with imaginable for continued upside.
  • In the past hour, DOGE continued climbing from $0.229 to $0.230, with a notable surge astatine 07:07 wherever measurement exceeded 21M coins.
  • Short-term terms enactment formed a bid of higher lows with beardown enactment astatine $0.229.
  • Resistance astatine $0.230 was tested aggregate times earlier being breached astatine 08:01 connected astir 10M volume.

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