DOGE Rallies 21% During Market Recovery, Steadies Above Key $0.142 Level

Dogecoin Rebounds Strongly Despite Global Market Pressures, Technicals Signal Continued Rally

Dogecoin is defying broader market jitters triggered by escalating global trade disputes and economic uncertainty, staging a strong comeback that signals renewed bullish momentum.

After plunging 21.2% from $0.165 to $0.130, DOGE has bounced back sharply alongside a broader crypto recovery, with the CoinDesk 20 Index gaining 9% over the past day. The meme-inspired cryptocurrency is now stabilizing within a solid support range between $0.142 and $0.145—strengthened by a surge in buyer activity.

Technical Picture: Signs of Strength Emerge

• Sharp Swing and Recovery: DOGE/USD saw high volatility with a steep 21.2% decline, followed by a rapid recovery rally.
• Bullish Setup: Technical models from CoinDesk Research highlight a bullish reversal, with strong footing in the $0.142–$0.145 region.
• Volume Surge: April 9’s rally brought a spike in trading volume, validating the move above the $0.160 resistance threshold.
• Key Fibonacci Level: Price is currently holding near the 61.8% Fibonacci retracement, with horizontal support aligning around $0.155.
• Channel in Play: An ascending channel has emerged, creating near-term support at $0.155 and resistance at $0.156.
• Heavy Accumulation Zone: A key inflection point occurred at 11:32, when trading volume surged to 7 million DOGE—marking strong buyer interest.
• U.S. Trading Momentum: Early U.S. session trading showed a steady uptrend, with higher lows and a breakout above $0.156.
• Retest on the Horizon: The setup hints at a potential retest of the recent high at $0.165 if current momentum holds.

Dogecoin’s performance stands out as a signal of investor confidence in select digital assets, even as macroeconomic challenges loom. With strong support and renewed volume, DOGE appears well-positioned to continue its upward trajectory in the near term.