Dogecoin is undeniably one of the most surprising crypto assets of this week. Its course recently hoisted $ 0.27, with an exchange volume up 75 % compared to the average. A movement that could announce a new dynamic! More details in the following paragraphs!
In short
- Dogecoin recorded a volume up 75 %, defying the technical resistance of $ 0.27.
- The support at $ 0.26 is good, attracting crypto traders despite strong macroeconomic uncertainty.
Dogecoin attracts crypto traders with an explosion volume
The day of July 22 was marked by a revival of activity on Dogecoin. The exchange volume of this crypto asset has indeed reached more than $ 720 millionagainst an usual average of 408 million. This outbreak testifies to a return of the interests of the traders despite a tense macroeconomic context.
That's not all! The Doge's course is also currently evolving in a tight range from $ 0.26 to $ 0.27. However, the trace signals on high volume candles attract looks.
THE Psychological threshold of $ 0.27 therefore acts as a solid resistance. Despite breakage attempts, the selling pressure dominated at the end of the session, which brought the price of Dogecoin to $ 0.26.
Note that at 05:06 GMT, a one -minute candle recorded a peak at $ 10.47 million in exchange. Hence the brutal fall of $ 0.01, a sign of strong algorithmic activity or tactical profit-tuking.
Are the same Doge to defend its support, are the signals bruise?
Several rebounds on the level of $ 0.26 indicate a well -defined technical support area. L'analysis shows a discreet but real accumulation. Crypto traders would therefore bet on a short -term recovery.
- The RSI indicator remains neutral.
- The MacD has stagnation.
This signals a waiting phase potentially before a bush of bush.
Another fact: institutionalists observe Dogecoin as a speculative bet of “high beta” type, that is to say very sensitive to the movements of the global market. For confirm a real reversalCrypto analysts will have to monitor:
- a volume greater than 750 million;
- A clear fence above $ 0.27.
Conversely, a fall under $ 0.256 could activate stop orders and bring the price around $ 0.24.
In an unstable context, Dogecoin in any case demonstrates an astonishing defense capacity. His behavior attracts the looks of crypto traders, with technical signals to watch closely for the rest of the cycle.
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