Global economic uncertainties and the climbing of trade tensions create training effects on the cryptocurrency markets, with Dogecoin demonstrating remarkable resilience in the middle of turbulence.
After having undergone a strong correction of 21.2% which saw the prices go from $ 0.165 to $ 0.130, DOGE organized a significant recovery, while the wider cryptography market organized a return while the Coindesk 20 index increased by 9% in the past 24 hours. He established solid support around the area from 0.142 to $ 0.145 with a substantial purchase volume, confirming the legitimacy of the rebound.
Distribution of technical analysis
- DOGE / USD experienced extreme volatility, from $ 0.165 to $ 0.130 (21.2%fork) before staging a significant recovery.
- A strong bullish inversion model formed with solid support established in the area from 0.142 to $ 0.145, according to the Technical Analysis model of Coindesk Research.
- The volume analysis confirms the legitimacy of recovery, with a point accumulation during the rally of April 9, pushing the prices above the critical resistance of $ 0.160.
- The price is currently consolidating at the Fibonacci trace level of 61.8% with a horizontal support at $ 0.155.
- During recent negotiations, DOGE formed a clear ascending channel with $ 0.155 support and resistance to $ 0.156.
- An important accumulation occurred during the period of 11:32 with 7 million units of volume, which confirms the interest of buyers.
- 30 minutes of negotiation at the start of US hours showed growing momentum with higher consecutive stockings and a breakthrough above the resistance of $ 0.156.
- The model suggests a potential continuation of the upward trend up to $ 48 hours of $ 0.165.
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External references:
- Times Tabloid, “Dogecoin (DOGE) Price analysis: the indicators point to a potential optimistic inversion”, published on April 8, 2025.
- The Crypto Basic, “Analyst Sharing realistic dogecoin targets highlighting critical support and resistance levels”, published on April 8, 2025.
- Coingapape, “analysts provide more than 59% of Crix of upcoming dogecoin prices, here is why”, published on April 8, 2025. Coingappe
- Newsbtc, “Dogecoin Fading FAVER: Has the meme’s play lost its mojo?” Posted on April 7, 2025.
- Bitzo, “Bitcoin, Solana and Dogecoin in free fall in the middle of the massive sale – is the end close?” Posted on April 8, 2025
