Dogecoin Whales Accumulate Near Key Psychological Level
- Whale Accumulation: Recent data indicates that whales have accumulated approximately 330 million DOGE within a few days, reflecting growing confidence among large investors, which often precedes increased market volatility.
- Price Rebound Trend: Dogecoin's price has rebounded from an April 13 low near $0.090 to its current level of $0.1008, marking a 6.19% increase over the past 24 hours, suggesting that market participants are positioning for a potential breakout.
- Derivatives Market Dynamics: In recent sessions, short liquidations reached approximately $3.99 million, surpassing $2.59 million in long liquidations, creating upward pressure that has driven prices higher, with derivatives trading volume surging 56% in 24 hours.
- Key Support and Resistance: Resistance is forming around $0.1013, which may limit short-term gains, while support sits near $0.09478; a drop below the $0.090-$0.092 range could weaken the current structure and open the door to further losses.
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Technical Analysis for DOGE
Technical Sentiment Analysis for Dogecoin (DOGE). As of , Dogecoin (DOGE) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 6 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DOGE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, DOGE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Dogecoin (DOGE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0774 | 0.0838 | 0.0893 | 0.0957 | 0.101 | 0.108 | 0.113 |
| Fibonacci | 0.0838 | 0.0884 | 0.0912 | 0.0957 | 0.1 | 0.103 | 0.108 |
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