Will Dogecoin price break the $0.25 mark in April?
Dogecoin price witnessed a roller coaster ride in the first week of April. A new round of correction from the $0.228 high triggered a 25% drop to $0.167 before returning to the $0.2 mark. With Bitcoin halving around the corner, this healthy pullback could boost DOGE’s price to resume its recovery trend.
Dogecoin has been in the spotlight due to its price surge and growth in the Meme coin market. The medium-term outlook for Dogecoin (DOGE) is positive, as indicated by the rising trendline on the daily chart. This trendline acts as a reliable support during market corrections, signaling a strong recovery trend. After the recent correction, DOGE price fell to a low of $0.17, then rose 20% to $0.2. This move broke through the critical resistance of $0.196, setting the stage for further recovery.
At press time, Dogecoin’s current market cap hovers at $28.9 billion, firmly placing it among the top ten cryptocurrencies. If this upward momentum continues, Dogecoin price could rise by 14% with a target of $0.228 mark. A successful break above this level would further confirm the bullish trend and set the recovery trend at $0.271, followed by $0.3
