Dogecoin (DOGE) price showed resilience on Friday morning as the bearish trend for Bitcoin and altcoins was mildly showing up. By 07:04 ET (11:04 GMT), Dogecoin's price was trading lower by 2.11% on the day at $0.1695.

However, a glance at Dogecoin trading volume on top centralized crypto trading platforms like Binance signaled that a rebound for the meme coin could be brewing ahead.

Dogecoin volume on Binance

Two Dogecoin trading pairs on Binance- DOGE/USDT and DOGE/FDUSD- showed a massive rebound on Friday. While the DOGE/USDT pair's volume soared by 10.64% to $122,181,081, that of DOGE/FDUSD rallied 21.57% to $247,642,042.

Together, these volumes clocked over 2.205 billion DOGE in 24 hours, showing that the digital currency was well-harvested by traders. Earlier, Dogecoin recorded $1.19 billion in a 24-hour trading period, registering a 6% surge earlier this week.

The sentiment in the broader digital currency ecosystem is also impacting the meme coin. The current global trade war is weakening the breakout potential of Bitcoin. With Bitcoin and Dogecoin still maintaining an epic correlation, the impact has become quite resounding for the meme coin.

DOGE's fate in April

On the weekly chart, the price of Dogecoin has dropped by 15.7%, with the monthly drawdown coming in at 21.59%. While the general price trend of Dogecoin has proven bearish, there is hope that the coin will reverse this trend this month.

As reported earlier by U.Today, the DOGE price has a history of rallying in April. Market data shows that the coin jumps at 62% on average, with more months recording an uptick over the past 12 years.

Thus far this month, DOGE has jumped by 2.22%, per data from Cryptorank, as the market sets sail to rewrite the 14% slump in March.