Dogecoin Slides Below $0.23 with Emerging Buyer Demand
Global economic uncertainties impact cryptocurrency markets, with Dogecoin (DOGE) showing resilience despite recent declines.
Key Points
- DOGE fell from $0.238 to $0.227 over 24 hours, a decrease of 6.3%.
- A bearish channel is evident with resistance at $0.236 and support forming around $0.224.
- High-volume buying occurred at 23:00 with 643M in volume, above the average.
- DOGE established a consolidation pattern between $0.227-$0.230 with decreasing volatility.
- In the last hour, DOGE dropped from $0.229 to $0.227, a decline of 0.87%.
- A series of lower highs and lows indicate selling pressure, particularly at 13:35 and 13:56.
- Temporary support emerged at $0.227, with buyers generating high volume of 4.5M at 14:01.