Recent Price Action Shows Signs of Recovery
In the last 100 minutes of trading, DOGE has demonstrated a notable recovery pattern, climbing from a local bottom of $0.156 to stabilize around $0.158.
The price action shows an apparent V-shaped recovery with significant volume spikes (16-21 million) during the bottoming process around 14:50-14:52, indicating strong buyer interest at support levels.
The $0.158-$0.159 zone has emerged as immediate potential resistance, with multiple tests showing decreasing selling pressure. This recovery aligns with the 38.2% Fibonacci retracement level from the recent decline, suggesting potential continuation toward the 50% retracement at $0.160 if current momentum persists.
Dogecoin Technical Indicators
Price Range: DOGE traded between $0.179–$0.156, representing a 12.7% swing.
Volatility: 48-hour annualized volatility reached 86.3%, significantly above market norms.
Support/Resistance: Breakdown of $0.165 support level with new critical support zone at $0.158–$0.160.
Fibonacci Levels: Potential stabilization at the 61.8% retracement level ($0.162).
Volume Analysis: High-volume selling pressure followed by significant volume spikes (16–21 million) during recovery.
Recovery Pattern: V-shaped recovery from $0.156 to $0.158 with decreasing selling pressure at resistance.
Retracement Levels: Current price action aligns with 38.2% Fibonacci retracement with the potential move toward a 50% level at $0.160.
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) Next Significant Rally? 7 Critical Levels to Watch ,” accessed Apr. 3, 2025
Bitzo, “ Market Weakness Strikes: Are DOGE, SHIB Set to Recover in April? ” accessed Apr. 3, 2025
Times Tabloid, “ Dogecoin (DOGE) at a Critical Turning Point as Key Levels Dictate Its Next Move ,” accessed Apr. 3, 2025
Coinpedia, “ Will Dogecoin (DOGE) Crash or Skyrocket?, ” accessed Apr. 3, 2025
Finbold, “ Anxiety Grips Dogecoin Holders as Major Sentiment Flips Into Bear Territory, ” accessed Apr. 3, 2025
