Bombs are raining down, not only on Israeli or Iranian territories. The cryptosphere is also feeling the tremors. Bitcoin, the pioneer and compass of the market, took the first hits when the conflict broke out. It bent, then straightened up, showing a resilience already well known. Meanwhile, some altcoins struggled to keep up. Among them, Dogecoin, long mocked, sometimes adored, remains under pressure. Yet, a shiver runs through the charts. What if a reversal was coming?
The Dogecoin news: the transaction volume on this memecoin has just crossed a symbolic threshold. More than one billion dollars exchanged in 24 hours, a 46% increase. Such a DOGE surge always attracts attention. Yet, the price has only timidly increased, around $0.1782.
The market is tense. Technical analyses are piling up. The TD Sequential tool, followed by seasoned traders, warns: several buy signals have aligned on the 12-hour chart. The $0.168 support becomes strategic.
Dogecoin must stay above $0.168 to avoid a 30% drop.
In this tense climate, traders watch for the slightest tremor.
Since its peak at $0.206, DOGE has corrected five days in a row. But the ascending triangle remains intact. If the resistance between $0.20 and $0.25 gives way, a rise to $0.43 becomes conceivable. In other words: it is the front line.
Dogecoin’s history is made of cycles. We think it’s dead, it comes back. The current fatigue is no exception. Despite a weekly drop of 4.88%, the DOGE price still shows +27% over one year. Proof that the flame remains alive.
The geopolitical conflict in the Middle East is freezing certain ambitions. Risky assets, like cryptos, are experiencing jolts. But Dogecoin remains faithful to its structure. It clings to its 200-day exponential moving average. This still leaves hope for the bulls.
The prospect of a rebound is not fanciful. Analyst Ali states:
Dogecoin is preparing to rebound as TD Sequential shows several buy signals.
A break above the $0.20 mark could unleash a move towards $0.24, then $0.38.
Some numeric benchmarks:
Dogecoin has not said its last word. It waits for its time, as often. And it might soon strike.
Even in the absence of military threats, Dogecoin remains the target of other tensions. The recent episode between Elon Musk and Donald Trump did not help matters. Ambiguous messages, between disavowal and distancing, weighed down. The bullish momentum has faded, held back by uncertainty. The memecoin is therefore caught in a crossfire: geopolitics in the East, ego quarrels in the West. The pressure is total, the movements abrupt. But it is in these troughs that Dogecoin has often rebounded. June promises to be decisive.
