Alright, let’s talk about Dogecoin, which decided to shake off all the global chaos and pull a 6.45% bounce in just 24 hours. I guess it’s safe to say that Doge doesn’t care much about geopolitical drama, right? The coin climbed from a low of $0.1508 to a session high of $0.1632, all while the crypto market was doing its usual rollercoaster act due to the U.S.-Iran tensions.
This little surge wasn’t a fluke. In fact, the meme coin broke through a long-standing descending trendline (yes, I know that sounds fancy) and confirmed that maybe, just maybe, things were about to get a little better for Dogecoin. RSI readings were looking healthier, snapping out of oversold territory, and the sell-off seemed to have exhausted itself, at least for now.
A Geopolitical Storm? Dogecoin Shrugs It Off
Now, let’s talk about the real kicker. While global markets were rattling from the U.S. airstrikes in Iran, Dogecoin was bouncing back faster than Bitcoin or Ethereum. It broke through some key resistance levels with a trading volume surge during the 22:00 UTC hour that was so massive it hit 800 million units. I think it caught everyone off guard, as the price shot up by 3.77% in under an hour. Yeah, I’m not joking. Talk about a party.
The excitement doesn’t stop there. I’m hearing some chatter about a possible retest of the $0.17–$0.18 range, but it all depends on how volume and global risk sentiment behave. If volume stays strong and the geopolitical risk calms down, we could see Dogecoin push further.
The Fundamentals Stay Strong Amid Market Fluctuations
Let’s not forget about the fundamentals. While the broader market is shaky (because, well, it’s always a mess), Dogecoin’s network is still going strong. Transaction volumes are up, and more wallets are active. Maybe the meme coin isn’t just a joke after all.
Here’s the deal: Dogecoin traded between $0.1508 and $0.1632 during the session, closing around $0.1615. The $0.150 mark acted like a springboard after weeks of downward pressure. After breaking above the $0.162 resistance, Dogecoin has formed a short-term higher high. Keep your eyes on $0.165 as the next level, because it’s going to be interesting.
Of course, the last hour saw a little bit of pullback, nothing crazy, just a bit of consolidation. That’s perfectly fine; it actually shows a healthy correction. If you ask me, Dogecoin might just be gearing up for another move. I guess time will tell.
Kristian Koch
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