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Dogecoin Volatility Surge: From Stability to Dramatic Decline

Dogecoin experienced a 12.7% price swing as technical indicators point to critical support levels amid recovery attempts

By AI Boost|Edited by Aoyon Ashraf
Updated Apr 3, 2025, 6:07 p.m. Published Apr 3, 2025, 4:56 p.m.
24-hour DOGE-USD price chart showing a sharp decline from $0.179 to $0.156 followed by a V-shaped recovery to $0.158. Volume surges around 14:50 indicate heavy buying at support. Chart includes open, high, low, and trading volume data from April 3, 2025, powered by CoinDesk Data.
DOGE Bounces From Local Low as Buyers Defend Key Support

What to know:

  • DOGE experienced significant price volatility with a dramatic 12.7% range ($0.179-$0.156) over the analyzed period.
  • The 48-hour annualized volatility reached 86.3%, substantially above market norms, driven by a sharp sell-off on April 2-3.
  • Technical analysis reveals a breakdown of key support at $0.165, with high-volume selling pressure establishing new resistance levels.

Recent Price Action Shows Signs of Recovery

In the last 100 minutes of trading, DOGE has demonstrated a notable recovery pattern, climbing from a local bottom of $0.156 to stabilize around $0.158.

The price action shows an apparent V-shaped recovery with significant volume spikes (16-21 million) during the bottoming process around 14:50-14:52, indicating strong buyer interest at support levels.

STORY CONTINUES BELOW
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The $0.158-$0.159 zone has emerged as immediate potential resistance, with multiple tests showing decreasing selling pressure. This recovery aligns with the 38.2% Fibonacci retracement level from the recent decline, suggesting potential continuation toward the 50% retracement at $0.160 if current momentum persists.

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Dogecoin Technical Indicators

  • Price Range: DOGE traded between $0.179–$0.156, representing a 12.7% swing.
  • Volatility: 48-hour annualized volatility reached 86.3%, significantly above market norms.
  • Support/Resistance: Breakdown of $0.165 support level with new critical support zone at $0.158–$0.160.
  • Fibonacci Levels: Potential stabilization at the 61.8% retracement level ($0.162).
  • Volume Analysis: High-volume selling pressure followed by significant volume spikes (16–21 million) during recovery.
  • Recovery Pattern: V-shaped recovery from $0.156 to $0.158 with decreasing selling pressure at resistance.
  • Retracement Levels: Current price action aligns with 38.2% Fibonacci retracement with the potential move toward a 50% level at $0.160.

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. This article may include information from external sources, which are listed below when applicable.

External References:

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