Jakarta, Pintu News – Dogecoin is back in the spotlight in the crypto world as we enter April 2025. Analysts are watching its every move with the price now at the critical $0.17 threshold.
Although the overall market is under selling pressure due to former President Donald Trump’s tariff announcement, Dogecoin is showing signs of resilience that may lead to a price surge.
Check out the full analysis here!
The crypto market experienced considerable turmoil after Trump’s tariff announcement. The S&P 500 Index recorded its worst drop since 2022, and crypto-related stocks such as Coinbase and MicroStrategy fell more than 7%.
However, in this uncertain environment, Dogecoin (DOGE) increased by 0.41% to $0.1709. This indicates that Dogecoin may have strengths that other risk assets do not.
According to crypto analyst Ali Martinez, if Dogecoin (DOGE) can maintain support at $0.16, there is potential for a rise to $0.57. However, if that level doesn’t hold, the Dogecoin price could fall to $0.06. This shows that Dogecoin is at a very crucial point and could move in two very different directions.
Read also: Crash 14.19%, What is the Price of 1 DOGE Today (7/4/25)?
Dogecoin is currently trading at $0.1709 with a still relatively low trading volume of 4,900. This shows that despite the optimism, major market participants are still cautious.
However, retail investors and speculators seem to be watching the next resistance level at $0.21. If Dogecoin breaks this barrier, it could surge to $0.24 and even $0.29. Dogecoin’s Relative Strength Index (RSI) indicator stands at 62.32, showing strong buying interest but still below overbought levels.
Meanwhile, on the one-minute Moving Average Convergence Divergence (MACD) chart, a bullish crossover is seen, adding to speculation of Dogecoin’s bullish trend. The histogram turning positive is generally considered an entry point for short-term traders expecting a rise.
Read also: Why did the Crypto Market Crash Today (7/4/25)?
While traditional stocks like Tesla fell 5% in response to the tariffs, Dogecoin showed surprising stability. This suggests that the market may be repositioning to alternative assets as a hedge against political risk.
This gives meme coins like Dogecoin an unexpected edge. Going forward, much will depend on how global markets understand the impact of Trump’s economic policies.
If investors continue to seek refuge in non-traditional assets, Dogecoin’s bullish trend could continue. This would place Dogecoin as the leader in the meme coin sector for April.
Dogecoin is in a critical position in April 2025, where macroeconomic uncertainty meets promising technical indicators. If the anticipated price surge occurs, Dogecoin could become a pioneer in the meme coin sector for the month. The coming days will determine whether this Dogecoin price surge is a temporary peak or the start of a sustained rally.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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