CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

CoinDesk 2025-06-22 07:40:37

Dogecoin Drops 8% but Shows V-Shaped Recovery in Boost for Bulls

Dogecoin is showing early signs of recovery after a steep intraday drop that pushed prices to their lowest levels in weeks. The sell-off, triggered by broader macroeconomic uncertainty and geopolitical tensions, found strong buyer interest near the $0.151 level, with volume spiking to 828 million units during the capitulation. Since then, DOGE has stabilized near $0.157, forming higher lows and hinting at a potential bottoming structure. News Background Global economic pressures — from escalating trade disputes to hawkish central bank stances — have weighed heavily on crypto markets. DOGE, often viewed as a bellwether for retail sentiment, bore the brunt of risk-off flows. But despite the volatility, network activity has remained stable, and on-chain data shows signs of accumulation. Analysts point to the $0.151 level as a crucial support zone following the 8% plunge. Central banks continue to signal concern over inflation, and with crypto markets reacting sharply to macro headlines, DOGE’s ability to recover from its lows may attract short-term traders looking for signs of a rebound. Price Action DOGE dropped sharply from $0.164 to $0.151 during the 21:00 hour on June 21, with volume exploding to 828M—the highest hourly tally in over a week. This marked a clear capitulation point, followed by a modest recovery as buyers stepped in. Price has since rebounded to the $0.157 level, forming a short-term consolidation zone. In the most recent session, DOGE printed a series of higher lows, including a small breakout attempt at 06:57 when volume spiked to nearly 8M units. Immediate resistance now sits at $0.157–$0.160, while support remains firm at $0.151. Technical Analysis Recap DOGE posted a 7.9% range over 24 hours, falling from $0.164 to $0.151. Capitulation event at 21:00 drew 828M in volume, confirming $0.151 as major support. Price rebounded to $0.157, where it’s now consolidating on declining volatility. Higher lows suggest early accumulation pattern forming. Resistance zone sits at $0.157–$0.160; bulls need a close above $0.160 for breakout confirmation. Support at $0.151 backed by extreme volume and V-shaped bounce. MACD turning positive; RSI neutral at ~48, signaling room for upside if momentum builds.

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen