Dogecoin Rebounds 5.5% as Whale Accumulation Fuels Bullish Momentum

2 months ago

The cryptocurrency marketplace is navigating choppy waters arsenic geopolitical tensions and commercialized disputes make headwinds for integer assets.

Despite broader marketplace uncertainty, Dogecoin has demonstrated singular resilience, recovering from a important dip to $0.220 and establishing beardown enactment astatine the $0.222 level with astir treble the mean 24-hour trading volume.

This terms enactment has formed a wide higher debased pattern, suggesting bullish momentum is gathering contempt macroeconomic challenges.

Technical Analysis Highlights

DOGE recovered from a important dip to 0.220 astatine 01:00 connected May 27th to scope a precocious of 0.232 by 13:00, representing a scope of 0.012 (5.45%).
Price enactment formed a wide higher debased signifier aft the measurement spike astatine 01:00, establishing beardown enactment astatine the 0.222 level with astir 393M successful volume—almost treble the 24-hour average.
Subsequent hours showed accordant buying unit with terms maintaining supra the 0.227 absorption level since 07:00.
The 13:00 candle demonstrated exceptional spot with 558M volume, suggesting organization accumulation and imaginable for continued upward momentum.
In the past hour, DOGE continued its bullish momentum with a important terms surge from 0.228 to 0.232, peaking astatine 13:19 with a precocious of 0.232175.
Notable measurement spikes occurred astatine 13:08-13:10 (75M combined) and 13:13 (21M), indicating beardown organization interest.
A insignificant pullback began astatine 13:33, with terms retracing to 0.228 enactment level by 13:51, earlier recovering to 0.229 by league close.
This consolidation supra the 0.228 enactment level suggests the uptrend remains intact contempt profit-taking, with the 0.232 absorption present established arsenic the adjacent cardinal level to watch.

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