DOGE’s structure now shows narrowing consolidation between $0.1880 support and $0.1950 resistance.
What to know:
- Dogecoin fell 2% to $0.1910 after a Monday rally, with trading activity surging 29% above the weekly average.
- The price action suggests institutional accumulation, with resistance at $0.1950 and support at $0.1880.
- Traders are watching for a breakout above $0.1950 or a decline below $0.1880, as volume remains high.
Dogecoin eases lower after Monday’s rally, but surging turnover, up nearly 30% from weekly averages, points to quiet accumulation by large players eyeing a breakout above resistance.
Mining Dogecoin
Dogecoin mining can be done using regular personal computers or GPUs, but over time, specialized mining machines, especially ASIC miners, have taken over the market. The advantages of ASIC miners have raised the barrier to entry for Dogecoin mining, making it increasingly difficult for regular users to mine with personal GPUs unless they join mining pools.
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What Traders Are Watching
Traders are tracking whether DOGE can sustain the $0.19 base amid persistent institutional flows. A decisive push through $0.1950 would confirm breakout intent, while renewed weakness below $0.1880 would signal that distribution has overtaken accumulation.
With volume still running hot, 29% above weekly averages, the next directional move could be swift. Market participants are positioning accordingly.
For more information, please visit the official website: vestmining.com
Company Name: VEST BROWN FAMILY INVESTMENTS LIMITED
Company Registration Number: 12370244
Company Address: Dere Street House Bowburn North Industrial Estate, Bowburn, Durham, England, DH6 5PF
Company Type: Private Limited Company
Founded: December 18, 2019
Email: info@vestmining.com
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