Dogecoin lost 8% in trading on Tuesday. Large investors are selling at the $0.27 resistance level, while purchases at the end of the day indicated a potential floor could form at the $0.25 level.
Investors are watching how long the $0.25 support will hold and whether Dogecoin will test lower levels. Uncertainty prevails in the markets under the influence of macroeconomic fluctuations.
Institutional interest continues with applications made for individual retirement funds, while mining investments support Dogecoin's long-term reliability. On Tuesday, the return of smart money after corrections signaled potential support structures.
The $0.27 resistance was rejected with a volume of 632.9 million, creating a clear ceiling for investors. The sharpest decline occurred between 13:00-15:00 UTC; during this period, Dogecoin lost 5% of its value in just two hours.
The $0.25 support held strong. This level prevented a deeper decline by prompting purchases from large investors and short position closures. In the last 60 minutes of the trading day, Dogecoin showed a recovery of about 1% and traded approximately 30 million Dogecoin, breaking its intraday resistance.
A symmetric triangle formation in the market structure indicates that a breakout could occur in the $0.30-0.47 range, provided the momentum clarifies. However, the overall trend continues to remain constrained below the $0.27 level.
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Dogecoin, $0.25, market analysis, cryptocurrency, mining investments, institutional interest
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