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By AI Boost|Edited by Aoyon Ashraf
May 18, 2025, 7:30 a.m.
- DOGE establishes critical support at $0.212 after experiencing 4.3% price range volatility, with high-volume rebounds confirming buyer interest, according to CoinDesk Research’s technical analysis data model.
- Whale accumulation exceeds 1 billion DOGE in the past month, bringing total holdings to 25.97 billion DOGE as large investors position for potential upside.
- Retail futures trading activity serves as a key indicator for DOGE price tops, with current neutral levels suggesting room for growth before market overheating.
Geopolitical tensions and evolving trade policies continue to influence cryptocurrency markets, with Dogecoin showing resilience amid broader economic uncertainty.
Despite macroeconomic headwinds, DOGE has maintained support above key moving averages while forming a potential bull flag pattern that could target $0.35 if validated by continued buying pressure.
Technical Analysis Highlights
STORY CONTINUES BELOW
- DOGE experienced significant volatility with a 4.3% range (0.211-0.220) over the past 24 hours, forming a key support zone around 0.212 validated by high volume rebounds at 13:00 and 22:00.
- The price action reveals a bullish recovery pattern from the 16:00 low, with resistance emerging at 0.217-0.220.
- The 20:00 candle’s strong volume surge above the 24-hour average confirms renewed buying interest, suggesting potential upward momentum if DOGE can maintain its position above the established support level.
- In the past hour, DOGE has demonstrated significant bullish momentum, climbing from 0.215 to 0.216 with notable volume spikes at 01:17, 01:21, and 01:54-01:55.
- The price established a strong support zone around 0.215 during the early minutes, followed by a decisive breakout at 01:16-01:17 where volume surged over 8 million.
- The uptrend continued with higher lows forming a clear ascending pattern, culminating in a new resistance test at 0.216-0.217 range.
- The final minutes saw particularly heavy trading activity with volumes exceeding 7 million at 02:01-02:02, confirming strong buyer interest and suggesting potential for further upside movement.
Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. This article may include information from external sources, which are listed below when applicable.
External References
- “Dogecoin Eyes $0.35 as Whale Accumulation Signals Bull Flag Breakout“, The Crypto Basic, published May 16, 2025.
- “Dogecoin Hovers at $0.22 Following Weeks of Gains, Analysts Share Mixed Outlooks“, NewsBTC, published May 17, 2025.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
