With a slight increase in the bullish power, Memecoins recovered the most difficult, as they do every time, with Dogecoin, Floki, Pepe & Bonk who lead the recovery. The recovery in the DOG price was followed by a decrease of more than 4% caused by Elon Musk’s remark that Dogecoin was not taken over by the government. In the meantime, the sales pressure is faded to a certain extent, which could increase the levels than $ 0.2 as soon as technicians become bullish.
Since the settings have landed in the crypto room, the crypto has been less influenced by developments in space or by the lectures on the chain. The only thing that matters at the moment is the US government and its policy. It is broad in the traditional markets and gold, which peaks because of uncertainty. Dogecoin -Walvissen collected more than 220 million doge in March, while the price remained around $ 0.17 and experienced a single push above $ 0.2, which was beaten in no time.
Given the historical graph, the Doge price has achieved the lower support of the lower rising parallel channel. The price finds its support at the 200-day weekly MA, while the 50-day weekly MA acts as an immediate resistance. The sales pressure has fallen in recent weeks and the MACD levels go on the way to a bullish crossover, which suggests that the price can soon cause a rebound and retain a healthy revival.
Will Dogecoin Price reach $ 0.25 in April 2025?
When the Dogecoin price is between the two MAS, it tends to maintain horizontal consolidation until these levels undergo a bullish or bearish or crossover. In addition, price action also shows a similar trend in the short term. The Daily Chart of Doge shows that the price consolidates along the rising trend line of several months, flashing bullish signals for the coming price action.
The price holds along the rising trend line that he held since the breakout in October. The MACD suggests a fall in the purchasing pressure, but the levels that were about to undergo a bearish crossover have been diverted. On the other hand, the RSI remains incremental and holds onto the rising trend line, which suggests the rise in the strength of the rally. That is why the Dogecoin price is expected to maintain increasing consolidation along the trend line and reach the crucial resistance around $ 0.2.
These levels acted as resistance and support levels such as and when needed. That is why a violation of these series can build more confidence among the market participants. Since the volume has increased somewhat lately, it indicates that the bulls are vigilant and can therefore show the required action, so that the Dogecoin (doge) price pushes more than $ 0.25.
