Decline in Dogecoin Volatility Dogecoin’s price fluctuated by 12.7% as technical indicators point to crucial support levels in the midst of recovery efforts. What to know: Over the course of the time period that was being examined, DOGE’s price fluctuated significantly, with a striking 12.7% range ($0.179-$0.156). The 48-hour annualized volatility reached 86.3%, substantially above market norms, driven by a sharp sell-off on April 2-3.
Technical analysis reveals.
that high volume selling pressure has broken down key support at $0.165 and established new resistance levels. Recent price movements indicate recovery DOGE has shown a notable recovery pattern over the past one hundred trading minutes, rising from a local bottom of $0.156 to a steady $0.158 level. The price action shows an apparent V-shaped recovery with significant volume spikes (16-21 million) during the bottoming process around 14:50-14:52, indicating strong buyer interest at support levels.
Multiple tests indicate that selling pressure is decreasing, so the $0.158-$0.159 region has emerged as immediate potential resistance. This recovery is in line with the 38.2% Fibonacci retracement level from the most recent decline. If the current momentum continues, it may continue toward the 50% retracement level at $0.160. Dogecoin Technical Indicators
The price range for DOGE was $0.179–$0.156, or a 12.7% swing. Volatility: Annualized volatility over the past 48 hours reached 86.3%, which is a significant increase from market norms. Support/Resistance: The $0.165 support level is broken down, creating a new critical support zone between $0.158 and $0.160. Fibonacci Levels: Stabilization at the 61.8% retracement level ($0.162) is a possibility. Analysis of Volume: Significant volume spikes (16–21 million) during recovery after intense selling pressure. Pattern of Recovery: From $0.156 to $0.158, a V-shaped recovery with decreasing selling pressure at resistance. Retracement Levels: Current price action aligns with 38.2% Fibonacci retracement with the potential move toward a 50% level at $0.160.
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