Dogecoin Down 7% After Brief Rally Amid Heightened DOGE ETF Expectations
Shaurya Malwa, CD Analytics | Edited by Parikshit Mishra on June 12, 2025, 6:58 AM
Dogecoin The exchange rate has seen sharp movements over the past 24 hours, rising to 20 cents and then falling to 19.1 cents, a range of 6.63%.
The meme coin formed a V-shaped recovery pattern late in the trading session, rising to $0.192 on rising volume, although resistance remains stable just above 20 cents.
• DOGE increased from $0.196 to $0.204 (4.08%) and then fell sharply to $0.191 (in a range of 6.63%).
• Resistance confirmed at $0.203-$0.204 after three rejections on heavy volume (>1bn units at 07:00).
• Support was established at $0.192, with short-term bounces off this level despite the weakness.
• Final hourly drop from $0.192 to $0.190 followed by a quick V-shaped recovery to $0.192.
• Signs of accumulation have emerged: trading volume has exceeded 2.3 million in the last minutes.
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