Dogecoin (DOGE) Whales Accumulate 1 Billion DOGE Amid Critical Support Formation

Geopolitical tensions and developing business policies continue to affect the markets of cryptocurrencies, while dogecoin shows resistance in the middle of broader economic uncertainty.

Despite macroeconomic headwinds, Doga maintained support over key moving averages and created a potential formula of bull flags that could target $ 0.35 if it was verified by continuing purchase pressure.

Emphasizing technical analysis

In the last 24 hours, DOGE has experienced significant volatility with a range of 4.3% (0.211-0.220), which formed a key support zone around 0.212 proven by high volume rebounds at 13:00 and 22:00.
The price action reveals the bull pattern of recovery from 16:00 low, with resistance to 0.217-0.220.
A strong increase in the plug volume 20:00 over the 24 -hour diameter confirms the renewed purchase interest, suggesting potential ascending dynamics if DOGE can maintain its location above the established support level.
In the last hour, Doge has shown significant bull momentum, climbing from 0.215 to 0.216 with remarkable volumes at 01:17, 01:21 and 01: 54-01: 55.
The price introduced a strong support zone around 0.215 in the first minutes, followed by a decisive escape at 01: 16-01: 17, where the volume increased over 8 million.
Untrend continued with higher minimums, which formed a clear ascending formula, culminated in a new resistance test in the range of 0.216-0.217.
The last minutes have seen a particularly severe business activity with volumes exceeding 7 million at 02: 01-02: 02, which confirmed the strong interest of the buyer and proposed the potential for further movement upwards.

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