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DOGE Defies Market Weakness with 7% Surge Amid Geopolitical Tensions

DOGE Defies Market Weakness with 7% Surge Amid Geopolitical Tensions

Author:
DOGE News
Published:
2025-06-24 09:48:36
18
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[TRADE_PLUGIN]DOGEUSDT,DOGEUSDT[/TRADE_PLUGIN]

Dogecoin (DOGE) has demonstrated remarkable resilience in the face of broader market weakness, surging 7% as bulls successfully broke through a key resistance level. The meme cryptocurrency rebounded from a two-month low of $0.1508 to reach $0.1632, defying the downward pressure triggered by escalating tensions between the U.S. and Iran. This rally was supported by a significant spike in trading volume, with 800 million DOGE changing hands, indicating strong buyer interest. Technical indicators, including the hourly RSI exiting oversold territory and stabilizing netflows, further reinforced the bullish sentiment. As of June 24, 2025, Dogecoin's performance highlights its potential to outperform even during periods of market uncertainty, making it a cryptocurrency to watch closely in the coming days.

Dogecoin Surges 7% as Bulls Break Key Resistance Amid Geopolitical Tensions

Dogecoin rallied sharply, gaining 6.56% in 24 hours as buyers overpowered sellers NEAR a critical descending trendline. The meme coin rebounded from a two-month low of $0.1508 to $0.1632, defying broader market weakness triggered by escalating U.S.-Iran tensions.

Technical indicators flashed bullish signals as hourly RSI exited oversold territory and netflows stabilized. A volume spike of 800 million Doge within one hour propelled the breakout, with traders now eyeing a potential retest of the $0.17-$0.18 resistance zone.

Network activity remains robust, with rising transaction volumes and active addresses supporting the price recovery. Dogecoin's outperformance against Bitcoin and ethereum highlights its resilience during risk-off periods.

Dogecoin Gains Momentum with Strategic Breakthroughs

Dogecoin surged 6.56% in the past 24 hours, rebounding from a two-month low of $0.1508 to $0.1632. The rally reflects a technical breakout from a prolonged downtrend, supported by rising trading volume and bullish RSI recovery.

Geopolitical tensions between the US and Iran initially pressured crypto markets, but DOGE outperformed major assets during the recovery phase. Trading volume exceeding 800 million units signals weakening sell-side pressure.

Technical analysts highlight the significance of DOGE's trendline breakout, suggesting a potential structural shift. The meme coin's resilience amid macro uncertainty continues to attract buyer interest.

Dogecoin Defies Geopolitical Tensions with 7% Surge

Dogecoin (DOGE) rallied 6.56% to $0.1632, breaking a descending trendline despite broader crypto market weakness triggered by U.S.-Iran tensions. Trading volume exceeded 800 million during the breakout, with RSI recovering from oversold levels.

The memecoin's resilience stood out as Bitcoin and Ethereum faltered under risk-off sentiment. A critical test awaits at $0.21 resistance, which must flip to support to confirm sustained bullish momentum.

Negative exchange netflows for two consecutive weeks suggest accumulation by investors, potentially signaling longer-term confidence in the meme asset's prospects.

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