The Dogecoin price witnessed a roller coaster ride in the first week of April. The new correction initiated at $0.228 high triggered a 25% drop to $0.167 before reverting to the $0.2 mark. With Bitcoin halving around the corner, this healthy retracement could bolster DOGE’s price to renew its recovery trend.
Also Read: Dogecoin Price Rebounds For $1 As Whale Buys Huge 200M DOGE
Dogecoin in the Spotlight with Surging Prices and Meme Coin Market Growth
Dogecoin Price| Tradingview
The mid-term outlook for Dogecoin (DOGE) is optimistic, as indicated by a rising trendline on the daily chart. This trendline acts as a reliable support during market corrections, signaling a solid recovery trend.
Following a recent correction, the DOGE price found a low at $0.17 before rallying 20% to reach $0.2. This move surpassed a key resistance level at $0.196, setting the stage for further recovery.
By the press time, the current market cap of Dogecoin wavers at $28.9 Billion, holding its position
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