A recent price action shows signs of recovery
During the last 100 minutes of negotiation, DOGE demonstrated a notable recovery scheme, from a local background of $ 0.156 to stabilize around $ 0.158.
The price action shows an apparent V-shaped recovery with large volume peaks (16-21 million) during the Bothing process around 14: 50-14: 52, indicating a strong interest of buyers at the support levels.
The area from 0.158 to 0.159 $ has become an immediate potential resistance, with several tests showing a drop in sales pressure. This recovery is aligned with the level of Fibonacci retracement of 38.2% compared to the recent decrease, which suggests a potential continuation to the retracement of $ 50% if the current momentum persists.
Technical Dogecoin indicators
- Price range: DOGE exchanged between $ 0.179 and $ 0.156, representing a swing of 12.7%.
- Volatility: The annualized volatility of 48 hours reached 86.3%, clearly above market standards.
- Support / resistance: $ 0.165 breakdown failure with a new critical support area at $ 0.158 to $ 0.160.
- Fibonacci levels: potential stabilization in the retracement of 61.8% ($ 0.162).
- Volume analysis: high volume sales pressure followed by large volume peaks (16 to 21 million) during recovery.
- Recovery model: V V recovery in V from $ 0.156 to $ 0.158 with a drop in sales pressure to resistance.
- Retrace levels: The action of current prices aligns with the retracement of fibonacci of 38.2% with the potential movement to a level of 50% to $ 0.160.
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External references:
- Times tabloid, “Dogecoin (Doge) according to significant rally? 7 critical levels to monitor ”, accessed April 3, 2025
- Bitzo, “Should market weaknesses: Doge, Shib should they recover in April?” Accessed April 3, 2025
- Times tabloid, “Dogecoin (Doge) at a critical turning point because the key levels dictate its next movement”, consulted on April 3, 2025
- Coinpedia, “Dogecoin (Doge) crash or skyrocketed?” Access on April 3, 2025
- Finbold, “anxiety grabs Dogecoin holders as the major feeling turns into the territory of the bear”, consulted on April 3, 2025
