Dogecoin Rebounds 5.5% as Whale Accumulation Fuels Bullish Momentum

The cryptocurrency market is navigating uneven waters as geopolitical tensions and commerce disputes create headwinds for digital belongings.

Regardless of broader market uncertainty, Dogecoin has demonstrated exceptional resilience, recovering from a major dip to $0.220 and establishing robust help on the $0.222 degree with almost double the common 24-hour buying and selling quantity.

This worth motion has fashioned a transparent greater low sample, suggesting bullish momentum is constructing regardless of macroeconomic challenges.

Technical Evaluation Highlights

DOGE recovered from a major dip to 0.220 at 01:00 on Could twenty seventh to succeed in a excessive of 0.232 by 13:00, representing a spread of 0.012 (5.45%).
Value motion fashioned a transparent greater low sample after the amount spike at 01:00, establishing robust help on the 0.222 degree with almost 393M in quantity—virtually double the 24-hour common.
Subsequent hours confirmed constant shopping for strain with worth sustaining above the 0.227 resistance degree since 07:00.
The 13:00 candle demonstrated distinctive energy with 558M quantity, suggesting institutional accumulation and potential for continued upward momentum.
Within the final hour, DOGE continued its bullish momentum with a major worth surge from 0.228 to 0.232, peaking at 13:19 with a excessive of 0.232175.
Notable quantity spikes occurred at 13:08-13:10 (75M mixed) and 13:13 (21M), indicating robust institutional curiosity.
A minor pullback started at 13:33, with worth retracing to 0.228 help degree by 13:51, earlier than recovering to 0.229 by session shut.
This consolidation above the 0.228 help degree suggests the uptrend stays intact regardless of profit-taking, with the 0.232 resistance now established as the subsequent key degree to observe.