DOGE News: Dogecoin Experiences V-Shaped Recovery with Strong Buyer Interest

Dogecoin Volatility Surge: From Stability to Dramatic Decline and Recovery

In the last 100 minutes of trading, Dogecoin (DOGE) demonstrated a notable V-shaped recovery pattern, climbing from a local bottom of $0.156 to stabilize around $0.158. The price action showed significant volume spikes (16-21 million) indicating strong buyer interest. The $0.158-$0.159 zone emerged as immediate potential resistance, with decreasing selling pressure. This recovery aligns with the 38.2% Fibonacci retracement level, suggesting potential continuation toward the 50% retracement at $0.160. DOGE traded between $0.179–$0.156, representing a 12.7% swing, with a volatility of 48.

Dogecoin Whales Accumulate 220M: DOGE Price Targets $0.6533

Large investors have been actively buying Dogecoin (DOGE) as it remains in a critical price range. Whale accumulation has increased in March, with over 220 million Doge acquired. Analysts believe this trend could push Dogecoin toward higher price levels, with some predicting a long-term target of $0.6533. According to on-chain data provided by Ali Charts, several large investors have purchased a significant volume of Dogecoin in the last month. Such a level of accumulation indicates that high net worth investors are bullish on the cryptocurrency despite recent price volatilities.

Dogecoin Price Prediction: Analyst Forecasts $0.57 Amid Trump and Musk’s Influence

An analyst predicts Dogecoin could reach $0.57 due to factors like whale accumulation, bullish technical indicators, and market sentiment. Notably, the influence of prominent figures like Elon Musk and Donald Trump remains critical. Key resistance levels to watch are $0.21 and $0.18. Breaking through these levels could pave the way for further price increases, according to Ali Martinez.