Crypto Comeback Fuels 21% Dogecoin Spike, Support Holds Firm at $0.142

Dogecoin Snaps Back After 21% Drop, Technicals Flash Green as Bulls Regain Control

Dogecoin is clawing its way back after a sharp correction, showing impressive resilience as global market tensions continue to stir volatility across risk assets.

After plunging 21.2% from $0.165 to $0.130, DOGE has mounted a strong rebound, echoing the broader crypto market’s recovery—highlighted by a 9% gain in the CoinDesk 20 Index over the past day. Buyers stepped in aggressively around the $0.142–$0.145 zone, creating a key support base that’s now anchoring the recovery.

Chart Signals: Bulls Back in the Driver’s Seat

• Steep Decline, Swift Comeback: DOGE retraced sharply but rebounded just as fast, recovering a significant portion of its losses.
• Reversal in Motion: Technical indicators from CoinDesk Research point to a bullish reversal, with support locked in between $0.142 and $0.145.
• Volume Speaks Loudly: Buying pressure spiked during the April 9 rally, pushing DOGE decisively above $0.160—a former resistance level.
• Fibonacci Watch: The token is now stabilizing near the 61.8% Fibonacci retracement, often viewed as a key level for trend continuation.
• Channel Forming: DOGE is carving out an ascending channel, offering near-term structure between $0.155 support and $0.156 resistance.
• Buy Zone Spotted: A notable surge in volume—7 million units traded—occurred at 11:32, reinforcing bullish sentiment.
• Momentum Building: U.S. market hours brought higher lows and a breakout past $0.156, suggesting sustained buying interest.
• Next Key Test: If momentum holds, DOGE could retest the recent high of $0.165 in the near term.

Dogecoin’s ability to rebound strongly from a steep decline while holding key support levels is a bullish signal in an otherwise jittery macro landscape. The next few sessions will be critical in confirming whether this recovery has legs.

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