Dogecoin Gains 5% as V-Shaped Recovery Points to Growing Interest
Shaurya Malwa, CD Analytics | Edited by Parikshit Mishra on June 11, 2025, 7:22 AM
Dogecoin {{DOGE}} has risen 4.8% in the last 24 hours, climbing from 18 cents to 19 cents amid renewed bullish momentum and significant trading volume.
The rally, reflected by a V-shaped recovery from key support levels, demonstrates the resilience of DOGE as it attracts the attention of both retail and institutional investors.
News context
Price dynamics
Dogecoin’s rise was accompanied by a sharp price jump between 11:00 and 13:00, with trading volumes rising to 541 million and 589 million units respectively, more than double the average.
The jump created a strong resistance zone at $0.198-$0.199. DOGE price rebounded strongly from the $0.194 support level, forming a V-shaped recovery pattern with renewed buying interest.
Technical Analysis Review
Disclaimer: Portions of this article were generated using AI tools and reviewed by CoinDesk’s editorial team for accuracy and adherence to our standards. For more information, please read CoinDesk’s full AI policy.
Your email address will not be published. Required fields are marked *
[…] January 2022, the number of cryptocurrencies existing in the market increased by 1 thousand. This implies that each new…
Your writing is like a breath of fresh air in the often stale world of online content. Your unique perspective…
I would like to share my story and express my great gratitude to Maria. My husband Alexander was literally taken…