Dogecoin staged a sharp recovery following a dramatic weekend selloff, during which the token plummeted to a low of $0.143 before rebounding above $0.153.
The move came amid surging trading volume — over five times the daily average — confirming buyer interest at critical support levels and hinting at a potential momentum shift as broader markets remain turbulent.
News Background
- Global macroeconomic uncertainty continues to rattle digital assets. Geopolitical tensions and trade disputes between major economies have amplified volatility across risk markets.
- Meanwhile, inflation concerns and ongoing scrutiny of Federal Reserve monetary policy have contributed to cautious sentiment in crypto.
- DOGE’s latest bounce came during a period of intense selling pressure, but strong volume-backed support at $0.145 appears to have triggered a reversal.
- Despite being a high-beta asset, Dogecoin’s recovery from its local lows suggests resilient market structure — particularly given the broader weakness seen across altcoins.
- Technical analysts are closely watching whether DOGE can sustain its momentum above $0.153 and break through short-term resistance as bullish volume accelerates.
Price Action
DOGE posted a volatile 9.1% range over the 24-hour window, falling from $0.157 to $0.143 before rebounding to close near $0.153. Most dramatic selling occurred during hours 13–14, where volume spiked to over five times the average, establishing a firm floor at $0.145.
In the final hour of trading, Dogecoin surged from $0.152 to $0.153, with a notable breakout above $0.153432 occurring after 04:58. Volume surged again at 05:11 (10.7M), confirming buyer strength and pushing DOGE to a new local high.
Technical Analysis Recap
- DOGE dropped from $0.157 to $0.143 and rebounded to $0.153 — a 9.1% swing.
- Volume during 13–14 hour spike exceeded 5x daily average, confirming support at $0.145.
- Uptrend formed with clear higher lows from $0.145 to $0.152.
- Breakout above $0.153 resistance occurred after 04:58, pushing price to $0.153432.
- Volume surge at 05:11 (10.7M) confirmed breakout strength.
- Final hour showed sustained bullish momentum and strong consolidation above $0.152.
- Price action now targets the $0.155–$0.158 zone, with $0.145 holding as key support.
Source: https://www.coindesk.com/markets/2025/06/23/dogecoin-jumps-after-rollercoaster-weekend-price-action