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Dogecoin (Doge) Whales accumulate 1 billion Doge in the midst of critical support formation

cryptobizinvest.com May 18, 2025

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Geopolitical tensions and emerging trade policies continue to influence cryptocurrency markets, with Dogecoin showing stability amid greater economic uncertainty.

Despite the macroeconomic headwinds, the Doge maintains support above the moving average keys while generating a potential bull flag pattern that can target $ 0.35 if proven by ongoing pressure purchase.

Technical assessments

The Doge has experienced significant volatility with a range of 4.3% (0.211-0.220) in the past 24 hours, forming a major zone support around 0.212 that has proven high rebound volume at 13:00 and 22:00.
Price action shows a bullish recovery pattern from 16:00 low, with resistance emerging at 0.217-0.220.
The strong candle volume of 20:00 above the 24-hour average confirms the updated interest interest, suggesting a potential upward momentum if the Doge can maintain its position above the established support level.
In the past time, the Doge showed significant bullish momentum, climbing from 0.215 to 0.216 with known volume spikes at 1:17, 01:21, and 01: 54-01: 55.
The price established a strong support zone around 0.215 in the first minutes, followed by a decisive breakout at 01: 16-01: 17 where the volume passed by 8 million.
Uptrend continued to the higher lows forming a clear upward pattern, ending with a new resistance test at the 0.216-0.217 range.
The last minute was seen especially heavy trading activities with volumes of more than 7 million at 02: 01-02: 02, confirming the consumer’s strong interests and suggesting potential for further movement.

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