Global economic uncertainties and escalating trade tensions are creating ripple effects throughout cryptocurrency markets, with Dogecoin demonstrating remarkable resilience amid the turbulence. After experiencing a sharp 21.2% correction that saw prices tumble from $0.165 to $0.130, DOGE has staged a significant recovery, while the broader crypto market staged a comeback as the CoinDesk 20 Index rose 9% in the last 24 hours. It established strong support around the $0.142-$0.145 zone with substantial buying volume, confirming the rebound's legitimacy. Technical Analysis Breakdown DOGE/USD experienced extreme volatility, dropping from $0.165 to $0.130 (21.2% range) before staging a significant recovery. A strong bullish reversal pattern formed with solid support established in the $0.142-$0.145 zone, according to CoinDesk Research's technical analysis model. Volume analysis confirms recovery legitimacy, with peak accumulation during the April 9th rally pushing prices above the critical $0.160 resistance. Price currently consolidating at the 61.8% Fibonacci retracement level with horizontal support at $0.155. In recent trading, DOGE formed a clear ascending channel with support at $0.155 and resistance at $0.156. Significant accumulation occurred during the 11:32 period with 7 million units of volume, confirming buyer interest. 30 minutes of trading during early U.S. hours showed increasing momentum with consecutive higher lows and a breakthrough above the $0.156 resistance. The pattern suggests a potential continuation of the uptrend toward the previous 48-hour high of $0.165. Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk’s full AI Policy . This article may include information from external sources, which are listed below when applicable. External References: Times Tabloid, " Dogecoin (DOGE) Price Analysis: Indicators Point to Potential Bullish Reversal ," published April 8, 2025. The Crypto Basic, " Analyst Shares Realistic Dogecoin Targets Highlighting Critical Support and Resistance Levels ," published April 8, 2025. CoinGape, "A nalyst Forecasts Over 59% Dogecoin Price Crash Coming Soon, Here's Why ," published April 8, 2025. CoinGape NewsBTC, " Dogecoin Fading Fervor: Has The Meme Coin Lost Its Mojo ?" published April 7, 2025. Bitzo, " Bitcoin, Solana, and Dogecoin in Freefall Amid Massive Sell-off – Is the End Near ?" published April 8, 2025
https://www.digistore24.com/redir/325658/ceobig/
