Global economic uncertainties and increased commercial tensions are creating domain effects on cryptocurrency markets, and Dogecoin demonstrates a remarkable resistance in the midst of turbulence.
After experiencing a strong correction of 21.2% that saw the prices of $ 0.165 to $ 0.130, Dege has organized a significant recovery, while the broader cryptographic market organized a return as the Coindesk 20 index increased 9% in the last 24 hours. Established strong support around the $ 0.142- $ 0.145 area with a substantial purchase volume, confirming the legitimacy of the rebound.
Technical analysis breakdown
- Doge/USD experienced extreme volatility, falling from $ 0.165 to $ 0.130 (range of 21.2%) before organizing a significant recovery.
- A strong bullish investment pattern formed with a solid support established in the area of $ 0.142- $ 0.145, according to the technical analysis model of Coindesk Research.
- The volume analysis confirms the legitimacy of recovery, with the maximum accumulation during the April 9 rally that push prices above the critical resistance of $ 0.160.
- Price that currently consolidates 61.8% of Fibonacci recoil with horizontal support at $ 0.155.
- In recent trade, Dege formed a clear upward channel with support of $ 0.155 and resistance to $ 0.156.
- There was a significant accumulation during the period of 11:32 with 7 million units of volume, confirming the buyer’s interest.
- 30 minutes of commerce during the first hours of the USA. They showed a growing impulse with higher consecutive minimums and an advance above the resistance of $ 0.156.
- The pattern suggests a potential continuation of the upward trend towards the previous maximum of 48 hours of $ 0.165.
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External references:
- Times Tabloid, “Dogecoin (Doge) Price Analysis: Indicators point to a possible bullish investment”, published on April 8, 2025.
- The basic crypto, “Analyst shares realistic objectives of Dogecoin that highlight critical support and resistance levels”, published on April 8, 2025.
- Coiningpe, “Analyst forecasts more than 59% of the Dogecoin price accident soon, here is why,” published on April 8, 2025. Coiningope
- Newsbtc, “Dogecoin Fading Fervor: Has Meme’s coin lost its mojo?” Posted on April 7, 2025.
- Bitzo, “Bitcoin, Solana and Dogecoin in Freefall in the middle of a mass sale, is the end near?” Posted on April 8, 2025
