Dogecoin Volatility Surge: From Stability to Dramatic Decline

Dogecoin Shows Signs of Recovery

Over the past 100 minutes, DOGE has exhibited a significant price rebound, rising from a low of $0.156 to stabilize around $0.158.

This V-shaped recovery was marked by substantial volume spikes (16-21 million) between 14:50 and 14:52, suggesting strong buying pressure at support levels. The $0.158-$0.159 range currently acts as immediate resistance, with decreasing selling pressure observed during multiple tests. This recovery aligns with the 38.2% Fibonacci retracement level from the recent decline, hinting at potential further gains towards the 50% retracement at $0.160, provided current momentum continues.

Dogecoin Technical Analysis

• Price Range: DOGE traded between $0.179 and $0.156, a 12.7% swing.
• Volatility: 48-hour annualized volatility reached 86.3%, considerably higher than typical market levels.
• Support/Resistance: The $0.165 support level was broken, with a new key support zone established at $0.158-$0.160.
• Fibonacci Levels: Potential stabilization at the 61.8% retracement level ($0.162) is possible.
• Volume Analysis: High-volume selling was followed by significant buying volume (16–21 million) during the recovery.
• Recovery Pattern: A V-shaped recovery from $0.156 to $0.158 is evident, with diminishing selling pressure at resistance.
• Retracement Levels: Current price action aligns with the 38.2% Fibonacci retracement, with potential for movement towards the 50% level at $0.160.

Disclaimer: This analysis was generated using AI tools and reviewed by our editorial team. For more information, see CoinDesk’s full AI Policy. This analysis may incorporate information from external sources.

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