According to Gate News bot and CoinDesk, DOGE has recovered from an intraday low of $0.164 to close around $0.171, in line with the overall market trend. This move suggests that institutional buyers may be quietly accumulating at lower levels as market participants prepare for continued fluctuations.
The rebound of DOGE comes at a time when the escalating geopolitical tensions between Israel and Iran have triggered significant selling pressure. On Wednesday, a substantial market pullback led to massive liquidations, causing DOGE to briefly drop over 7% during the session.
At the same time, macroeconomic headwinds continue to exist. The Federal Reserve continues to maintain a tight monetary policy, keeping interest rates between 4.25% and 4.50%, while actively reducing its balance sheet - this dynamic has historically put pressure on higher-risk investments such as DOGE.
Nevertheless, DOGE remains one of the most liquid assets in the cryptocurrency space, with a daily trading volume of nearly $1.37 billion and a market capitalization exceeding $24.7 billion.
Additionally, technical indicators show that DOGE has entered the oversold zone, and LunarCrush's social sentiment data indicates that out of over 16,000 mentions, 86% are positive comments, suggesting that the community's confidence remains strong even amidst price fluctuations.
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ToAttractWealthAndTr
· 06-19 08:06
When will there be no more issuance, when will it To da moon
The technical indicator shows that DOGE has entered the Oversold area.
According to Gate News bot and CoinDesk, DOGE has recovered from an intraday low of $0.164 to close around $0.171, in line with the overall market trend. This move suggests that institutional buyers may be quietly accumulating at lower levels as market participants prepare for continued fluctuations.
The rebound of DOGE comes at a time when the escalating geopolitical tensions between Israel and Iran have triggered significant selling pressure. On Wednesday, a substantial market pullback led to massive liquidations, causing DOGE to briefly drop over 7% during the session. At the same time, macroeconomic headwinds continue to exist. The Federal Reserve continues to maintain a tight monetary policy, keeping interest rates between 4.25% and 4.50%, while actively reducing its balance sheet - this dynamic has historically put pressure on higher-risk investments such as DOGE. Nevertheless, DOGE remains one of the most liquid assets in the cryptocurrency space, with a daily trading volume of nearly $1.37 billion and a market capitalization exceeding $24.7 billion. Additionally, technical indicators show that DOGE has entered the oversold zone, and LunarCrush's social sentiment data indicates that out of over 16,000 mentions, 86% are positive comments, suggesting that the community's confidence remains strong even amidst price fluctuations.