{"id":402132,"date":"2024-06-26T06:30:58","date_gmt":"2024-06-26T01:00:58","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=402132"},"modified":"2024-06-26T09:55:41","modified_gmt":"2024-06-26T04:25:41","slug":"dogecoin-bounces-5-from-key-support-level-assessing-doges-next-moves","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/dogecoin-bounces-5-from-key-support-level-assessing-doges-next-moves\/","title":{"rendered":"Dogecoin bounces 5% from key support level: Assessing DOGE&#8217;s next moves"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Dogecoin surged by 5% after hitting support at $0.1183.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Whale activity and social volume coincided with recent volatility.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/ambcrypto.com\/category\/dogecoin-news\/\" target=\"_blank\" rel=\"noopener\">Dogecoin [DOGE]<\/a> has experienced outstanding strength in the face of recent market volatility. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Following a 5% dip in the past 24 hours to the critical support level, Dogecoin witnessed a 5% pullback to its current price.\u00a0 This price action has caught investor attention, and rightfully so.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At press time, DOGE was testing a crucial support level at $0.1183. The bears and bulls were battling at this key level. A breakdown below this support level could pave the way for further price declines. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if the bulls win the battle, we could see a reversal and a potential upward surge.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of writing, <a href=\"https:\/\/coinmarketcap.com\/currencies\/dogecoin\/\">CoinMarketCap&#8217;s<\/a> data priced Dogecoin at $0.1233. Its market cap grew by 4.91% to 17.86 billion in the last 24 hours, while its trading volume has surged by 10.54% to $863 million.\u00a0 <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This gives more bullish market insights.<\/span><\/p>\n<figure id=\"attachment_402136\" aria-describedby=\"caption-attachment-402136\" style=\"width: 1314px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/DOGEUSD_2024-06-25_12-24-15_f392c.png\"><img decoding=\"async\" class=\"wp-image-402136 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/DOGEUSD_2024-06-25_12-24-15_f392c.png\" alt=\"\" width=\"1314\" height=\"797\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/DOGEUSD_2024-06-25_12-24-15_f392c.png 1314w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/DOGEUSD_2024-06-25_12-24-15_f392c-300x182.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/DOGEUSD_2024-06-25_12-24-15_f392c-1024x621.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/DOGEUSD_2024-06-25_12-24-15_f392c-768x466.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/DOGEUSD_2024-06-25_12-24-15_f392c-1200x728.png 1200w\" sizes=\"(max-width: 1314px) 100vw, 1314px\" \/><\/a><figcaption id=\"caption-attachment-402136\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">On the charts, the stochastic RSI (12.74) indicated an oversold zone. This was a sign that the level could be a critical longing point, which could form the basis for a price reversal. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, the MACD underlined fading bearish pressure across the market, too.\u00a0<\/span><\/p>\n<h2><strong>Whale activity, social volume spike<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">AMBCrypto analyzed Santiment\u2019s social volume and whale activity data to evaluate the market direction. The data indicated an interesting correlation between the two.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There were several spikes in both volume and whale activity, coinciding with the recent price volatility. This implied that major investors may be influencing market sentiment and price action.<\/span><\/p>\n<figure id=\"attachment_402134\" aria-describedby=\"caption-attachment-402134\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Dogecoin-DOGE-12.32.51-25-Jun-2024.png\"><img decoding=\"async\" class=\"wp-image-402134 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Dogecoin-DOGE-12.32.51-25-Jun-2024.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Dogecoin-DOGE-12.32.51-25-Jun-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Dogecoin-DOGE-12.32.51-25-Jun-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Dogecoin-DOGE-12.32.51-25-Jun-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Dogecoin-DOGE-12.32.51-25-Jun-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Dogecoin-DOGE-12.32.51-25-Jun-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Dogecoin-DOGE-12.32.51-25-Jun-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Dogecoin-DOGE-12.32.51-25-Jun-2024-1200x406.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-402134\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Coinglass&#8217; liquidation heatmap painted a picture of market tension. Notably, there were clusters of liquidations around key price levels. This suggested that investors were taken off guard by the sudden price movement. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This volatility may lead to additional liquidation in both market directions.<\/span><\/p>\n<figure id=\"attachment_402135\" aria-describedby=\"caption-attachment-402135\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Binance-DOGE_USDT-Liquidation-Heatmap24-hour-2024-06-25_12_26_36.png\"><img decoding=\"async\" class=\"wp-image-402135 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Binance-DOGE_USDT-Liquidation-Heatmap24-hour-2024-06-25_12_26_36.png\" alt=\"\" width=\"2560\" height=\"1512\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Binance-DOGE_USDT-Liquidation-Heatmap24-hour-2024-06-25_12_26_36.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Binance-DOGE_USDT-Liquidation-Heatmap24-hour-2024-06-25_12_26_36-300x177.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Binance-DOGE_USDT-Liquidation-Heatmap24-hour-2024-06-25_12_26_36-1024x605.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Binance-DOGE_USDT-Liquidation-Heatmap24-hour-2024-06-25_12_26_36-768x453.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Binance-DOGE_USDT-Liquidation-Heatmap24-hour-2024-06-25_12_26_36-1536x907.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Binance-DOGE_USDT-Liquidation-Heatmap24-hour-2024-06-25_12_26_36-2048x1209.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Binance-DOGE_USDT-Liquidation-Heatmap24-hour-2024-06-25_12_26_36-1200x709.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-402135\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check out the <a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">DOGE Profit Calculator<\/a><\/p>\n<hr \/>\n<h2><strong>What&#8217;s next for Dogecoin?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The Dogecoin price is at a crucial point.\u00a0 If DOGE can maintain its position above the $0.1183 resistance level, it might pave the way for further price surges. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if a breakdown below this resistance level may fuel a bearish momentum to potential lower support zones.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin price surged by 5% from a key support level in the last 24 hours. What now?<\/p>\n","protected":false},"author":93,"featured_media":402148,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[6387,5824,66,3,4,20],"tags":[6427,6428],"class_list":["post-402132","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dogecoin-news","category-memecoins","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto","tag-new-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Dogecoin bounces 5% from key support level: Assessing DOGE&#039;s next moves - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Dogecoin surges by 5% after hitting a key support level, highlighting resilience amid market volatility and active whale trading.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/dogecoin-bounces-5-from-key-support-level-assessing-doges-next-moves\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dogecoin bounces 5% from key support level: Assessing DOGE&#039;s next moves - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Dogecoin price surged by 5% from a key support level in the last 24 hours. 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