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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