Dogecoin (DOGE) reduces 21% in the middle of the crypto comeback, holding main support to $ 0.142

Global economic uncertainty and increasing trade tensions create ripple effects throughout the cryptocurrency market, with Dogecoin showing amazing -wonderful stability amid chaos.

After experiencing a sharp 21.2% correction that saw prices falling from $ 0.165 to $ 0.130, the Doge performed a significant recovery, while the broader crypto market CoinDesk 20 Index Rose 9% in the last 24 hours. It established strong support around the $ 0.142- $ 0.145 zone with a large amount of purchase, confirming the legitimacy of the rebound.

Breakdown of technical examination

• DOGE/USD experiences intense volatility, which drops from $ 0.165 to $ 0.130 (21.2% range) before presenting a significant recovery.
• A powerful reflection pattern generated with stable support established in the $ 0.142- $ 0.145 zone, according to the technical review model of CoinDesk Research.
• The volume examination confirms the legitimacy of recovery, with the peak accumulation during the April 9 rally that drives prices above the critical $ 0.160 resistance.
• The price is currently combined with a 61.8% level of fibonacci retracement with horizontal support at $ 0.155.
• In recent trade, DOGE has formed a clear ascending channel with support of $ 0.155 and resistance to $ 0.156.
• Significant accumulation occurred during 11:32 with 7 million units of volume, proving consumer interest.
• The 30 minutes of trading during the US first hour showed up the momentum increase with subsequent higher lows and a success above $ 0.156 resistance.
• The pattern suggests a potential continuity of climbing towards the past 48-hour high of $ 0.165.

Denial: This article was formed using AI tools and our editorial team reviewed to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s entire AI policy. This article may include information from external resources, listed below as appropriate.

External Reference:

• Times tabloid, ”Dogecoin (Doge) Price Analysis: The indicators point to the potential reversal of bullish“Published April 8, 2025.
• The main crypto, ”Analyst shares realistic Dogecoin targets featuring critical supports and resistance levels“Published April 8, 2025.
• Coingape, “aNALYST Forecasts More than 59% Dogecoin Price Crashing Crashing, Here’s why“Published April 8, 2025.Coingape
• Newsbtc, ”Dogecoin Fading Fervor: Did its meme coin lose? “Published April 7, 2025.
• Bitzo, ”The Bitcoin, Solana, and Dogecoin in Freefall in the middle of massive sale — the close? “Na -Publish April 8, 2025