Global economic uncertainties and escalating merchant stresses create ring effects in the entire cryptocurrency markets where Dogecoin shows remarkable resilience in the middle of the turbulence.

After experiencing a sharp correction of 21.2%, which saw prices rumbling from $ 0.165 to $ 0.130, Doge has a significant recovery, while the wider crypto market staged a comeback as Coindesk 20 index rose 9% in the last 24 hours. The established strong support around $ 0.142- $ 0.145 zone with a significant purchase volume, confirming rebound’s legitimacy.

Technical analysis distribution

• DOGE/USD experienced extreme volatility and dropped from $ 0.165 to $ 0.130 (21.2% range) before staging a significant recovery.
• A strong bullish reversing pattern formed with solid support established in $ 0.142- $ 0.145 zone, according to Coindesk Research’s technical analysis model.
• Volume analysis confirms legitimacy with recovery, with maximum accumulation during April 9 -Rally, pushing prices over the critical $ 0.160 resistance.
• The price is currently consolidating at 61.8% Fibonacci Retracement level with horizontal support for $ 0.155.
• In the latest trade, Doge formed a clear rising channel with support for $ 0.155 and resistance to $ 0.156.
• Significant accumulation occurred in the period 11:32 with 7 million volume units, confirming the buyer interest.
• 30 minutes of trade in the early US hours showed increasing momentum with consecutive higher low and a breakthrough over $ 0.156 resistance.
• The pattern suggests a potential continuation of the uptrend towards the previous 48-hour height of $ 0.165.

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy. This article may include information from external sources listed below when appropriate.

External references:

• Times tabloid, “Dogecoin (DOGE) Price analysis: Indicators point to potential bullish reversing,” Published April 8, 2025.
• Crypto Basic, “The analyst shares realistic Dogecoin goals that highlight critical support and resistance levels,” Published April 8, 2025.
• Coingape, “Analyst for Over 59% Dogecoin Price Accident, which soon comes, here is why,” Published April 8, 2025. Coingape
• NewsBtc, “Dogecoin fades innerness: Has the meme -the coin lost his mojo?” Published April 7, 2025.
• Bitzo, “Bitcoin, Solana and Dogecoin in Freefall in the middle of massive sales-are the ending nearby?” Published April 8, 2025