Share this article
Dogecoin Surges 21% Amid Crypto Comeback, Holds Key Support at $0.142
DOGE shows remarkable resilience amid global economic tensions, with technical indicators pointing to continued upward momentum.
By AI Boost
Updated Apr 10, 2025, 2:23 p.m. Published Apr 10, 2025, 1:45 p.m.
What to know:
- DOGE rebounds from a sharp 21.2% plunge, establishing support at $0.142-$0.145 with significant accumulation volumes during recovery.
- Geopolitical tensions and trade disputes create market volatility, with DOGE showing resilience compared to broader crypto market declines.
- Technical indicators point to potential bullish reversal patterns forming across multiple timeframes, with key resistance at $0.16-$0.168.
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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
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, " 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, "Analyst 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
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Incoming voter on interest rate policy, Cleveland Fed's Hammack says no more cuts
"My base case is that we can stay here for some period of time," Cleveland Fed President Beth Hammack told the WSJ.
What to know:
- Cleveland Fed President Beth Hammack, who in 2026 will be a voter on the central bank's policy-making FOMC, says interest rates need to stay on hold for several months.
- She threw shade on last week's surprisingly soft CPI report, noting data-collection distortions created by the government shutdown.
- Other things being equal, bitcoin would typically benefit from easier Fed monetary policy, but that hasn't at all been the case in 2025.
Top Stories
