Dogecoin (DOGE) rebounded sharply after a weekend plunge to $0.143, rising over 7% to commerce above $0.153. The restoration adopted a surge in buying and selling quantity, greater than 5 occasions the day by day common, signaling robust purchaser curiosity and a potential shift in momentum regardless of broader crypto market volatility.
The bounce got here amid intense market turbulence pushed by international macro uncertainty. Heightened geopolitical tensions, inflation considerations, and hypothesis round Federal Reserve coverage have weighed on investor sentiment. But, DOGE’s resilience on the $0.145 assist stage suggests a steady market construction even as many altcoins stay below stress.
DOGE skilled a dramatic 24-hour value swing, dropping from $0.157 to $0.143 earlier than recovering to $0.153. Essentially the most vital promoting occurred between hours 13–14, when quantity spiked and established $0.145 as a key assist zone. From there, Dogecoin fashioned an uptrend with larger lows, pushing steadily towards resistance.
At 04:58, DOGE broke above the short-term barrier at $0.153, hitting an area excessive of $0.153432. A second quantity spike at 05:11 (10.7 million DOGE traded) confirmed bullish energy. By the ultimate hour of buying and selling, Dogecoin had firmly consolidated above $0.152, reinforcing its restoration.
Technical indicators now level to potential upside towards the $0.155–$0.158 vary, supplied bullish quantity continues. The $0.145 stage stays essential assist. As a high-beta asset, DOGE’s efficiency usually mirrors speculative urge for food, and present value motion suggests merchants are regaining confidence regardless of macro headwinds.
With robust technical assist and rising quantity, Dogecoin is as soon as once more on traders’ radar, providing short-term bullish potential amid ongoing market uncertainty.
<Copyright ⓒ TokenPost, unauthorized replica and redistribution prohibited>
