“Dogecoin Experienced A 12.7% Price Swing As Technical Indicators Point to Critical Support Levels Amid Recovery Attempts”, – WRITE: www.coindesk.com
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 Intertetete.
The $ 0.158- $ 0.159 Zone has emerged as immediate potential resistance, with multiple tests Showing Dectorying Selling Pressure. This recovery aligns with the 38.2% Fibonacci Retracement Level from the Recent Decline, Suggesting Potential Continion Town of the 50% Retracement At $ 0.160 IF Currentum Presites.
Dogecoin Technical Indicators
- Price Range: Doge Traded Between $ 0.179– $ 0.156, Representing A 12.7% Swing.
- Valatility: 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) Durying Recovery.
- Recovery Pattern: V-Shaped Recovery from $ 0.156 to $ 0.158 with Dectorying Selling Pressure at Resistance.
- Retracement Levels: Current Price Action Aligns WitH 38.2% Fibonacci Retracement with the Potential Moveard A 50% Level AT $ 0.160.
Disclaimer: This Article Was Generated with Ai Tools and Review by Our Editorial Team to Ensure Accucy and Adhesion to Our Standards. For more information, See Coindesk’s Full Ai Policy. This Article May Include Information from External Sources, Which Are Listed Below Who 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
