Will Dogecoin price break $0.25 mark in April?
Dogecoin price witnessed a rollercoaster ride in the first week of April. A fresh 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 price to resume its recovery trend.
Dogecoin has been in the spotlight due to its surging price 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 before rising 20% to $0.2. This move broke 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 ranking among the top ten cryptocurrencies. If this upward momentum continues, Dogecoin price could rise by 14%, targeting the $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
