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
#Stability #Dramatic #Decline
