{"id":4109,"date":"2025-04-08T18:13:09","date_gmt":"2025-04-08T18:13:09","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/dogecoin-shows-clean-bullish-divergence-amid-market-turmoil-crypto-analyst\/"},"modified":"2025-04-08T18:13:09","modified_gmt":"2025-04-08T18:13:09","slug":"dogecoin-shows-clean-bullish-divergence-amid-market-turmoil-crypto-analyst","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/dogecoin-shows-clean-bullish-divergence-amid-market-turmoil-crypto-analyst\/","title":{"rendered":"Dogecoin Shows \u2018Clean\u2019 Bullish Divergence Amid Market Turmoil: Crypto Analyst"},"content":{"rendered":"

After Dogecoin temporarily fell by more than 22% yesterday amid rumors of a \u201cBlack Friday\u201d, the price has since been able to recover at least some of its losses. Nevertheless, DOGE is still down around 11% since the start of the week. This has put the price of Dogecoin in a tricky situation.<\/p>\n

Dogecoin Forms Bull Div<\/h2>\n

Dogecoin breached a critical ascending support line before quickly recovering, a behavior that crypto analyst Kevin (@Kev_Capital_TA) describes<\/a> as testing the \u201clines in the sand\u201d for this ongoing bull market structure.<\/p>\n

Related Reading: Dogecoin Crashes 20%, But \u2018Bull Line\u2019 Signals Hope For HODLers<\/p>\n

Kevin\u2019s shared chart indicates that DOGE temporarily dipped below a rising pink trendline that has been in place since mid-2023, yet managed to close the daily candle back above this historically significant support around the $0.138 region\u2014a level that also coincides with the 38.2% Fibonacci retracement level measured from the $0.049 swing low to the approximately $0.738 peak.<\/p>\n

\"Dogecoin<\/p>\n

The analyst points out that, despite the intraday break, DOGE\u2019s recovery formed what he calls a \u201cclean bullish divergence\u201d on the daily time frame, referencing the Relative Strength Index which has begun climbing even as price made a slightly lower low. He likened this development to a similar divergence unfolding on Bitcoin\u2019s chart, suggesting that Dogecoin\u2019s momentum may be stabilizing after a series of drawn-out declines from the $0.48 high set early December last year.<\/p>\n

DOGE Uptrend Remains Intact<\/h2>\n

Charting Guy (@ChartingGuy) weighed in separately, highlighting that Dogecoin has arrived once more at its weekly 200 EMA zone\u2014an important trend marker hovering in the mid-$0.13 range\u2014and that its overall structure still shows \u201chigher highs, higher lows\u201d when viewed on a broader timescale.<\/p>\n

\"Dogecoin<\/p>\n

His posted chart also features a Fibonacci analysis which shows that DOGE could manage to close above the 0.382 Fib level, reinforcing the notion that DOGE\u2019s ability to hold above $0.15 could be a crucial gauge of bullish continuation. Failure to sustain this level, however, would risk revisiting deeper Fibonacci support levels, including the 23.6% retracement near $0.09 or even the 13.6% level around $0.07.<\/p>\n

On the upside, traders may look to potential resistance zones in the mid-$0.20s, which line up with the 61.8% Fibonacci retracement at roughly $0.2671, and the high-$0.30s to low-$0.40s range tied to deeper retracement zones up to the 78.6% mark.<\/p>\n

The chart watcher also notes that a retest of the prior swing highs above $0.40 would align with an extended push toward the 88.8% Fibonacci near $0.56, although market participants remain cautious amid the broader volatility that is brought to the market by US President Donald Trump\u2019s tariff policies.<\/p>\n

At press time, DOGE traded at $0.149.<\/p>\n

\"Dogecoin<\/p>\n","protected":false},"excerpt":{"rendered":"

After Dogecoin temporarily fell by more than 22% yesterday amid rumors of a \u201cBlack Friday\u201d, the price has since been able to recover at least some of its losses. Nevertheless, DOGE is still down around 11% since the start of the week. This has put the price of Dogecoin in a tricky situation. Dogecoin Forms…<\/p>\n","protected":false},"author":1,"featured_media":4110,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[221],"tags":[167,168,169,166,170,171,259],"class_list":["post-4109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogecoin-price-analysis"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/4109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=4109"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/4109\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/4110"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=4109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=4109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=4109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}