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Dogecoin has gathered by more than 5% over the last 24 hours and climbed from $ 0.163 to $ 0.171 when the opening of the US Party Elon Muska stimulated optimism around a more cryptoinnied political future.
The escape was supported by more than $ 1.1 billion in the volume of trading, which set strong support at $ 0.166. During the movement, they accumulated aggressively aggressively, although smaller holders have performed, indicating renewed institutional confidence in Doge.
Background messages
- Elon Musk’s surprising announcement about America at the weekend ruled the political and crypto debate.
- Its platform, which includes a powerful pro-bitcoin language and a sharp criticism of the financial agenda of the “anti-innovation” of Donald Trump, has caused speculation about the role of Doga as a cultural and financial asset in the Musk movement.
- Although no formal mention of dogecoin has been made, Musk’s history of DOGE integration into Tesla and X (formerly Twitter) has supported speculation that Token can play a symbolic or transactional role in the new party’s vision.
- The announcement comes in the middle of a wider economic uncertainty. President Trump 9.
- Despite this, Doga saw a heavy shopping from whaling wallets-especially those who held 1m-100m Doge-I when retail positions declined, according to the chain data from Intotheblock.
Emphasizing technical analysis
- DOGE increased by 5.01% in 24 hours from July 6, 03:00 to 7 July 02:00, moved from 0.163 to $ 0.171.
- In July 6, there was between $ 12: 00–13: 00, while the price jumped from $ 0.166 to $ 0.173 to $ 1.14 billion.
- Strong support was set at $ 0.166, with the price consolidated between 0.170 and $ 0.173 after the top of $ 0.174.
- The key resistance observed at $ 0.173 during the sale of the late meeting (21: 00–23: 00).
- In the last hour, DOGE gained 0.85%and broke above $ 0.171 with significant tips at 01:16 (12.8 m) and 01:36 (8.0 m).
