Down 5.24%, What is the Price of 1 DOGE Today (4/9/25)?

Jakarta, Pintu News – Dogecoin , a dog-themed cryptocurrency popular as a meme coin, is signaling a strong rebound in the crypto market.

Based on data from CoinMarketCap, the Bollinger Bands technical indicator for Dogecoin (DOGE) is starting to narrow, which indicates a change in market sentiment that might favor a price increase.

Check out the full analysis below!

Dogecoin (DOGE) Price Drops 5.24% Today

The chart above shows the price movement of Dogecoin (DOGE) over the past 24 hours, until April 9, 2025, at 11:55 am GMT. Currently, the price of 1 DOGE is recorded at 2,425 IDR, a decrease of 5.24% in the last day.

At the beginning of the period, the Dogecoin price gradually increased until it reached a daily high of 2,657 IDR. However, this positive momentum did not last long. After reaching its peak, the chart shows a fairly sharp downward trend that continues gradually until it hits its lowest point at 2,336 IDR.

After touching the low point, the DOGE price experienced a small recovery but could not return to the previous level. The fluctuations that occurred throughout the day showed high market volatility, reflecting investors’ uncertainty about the direction of the next movement.

Also read: Top 10 Cryptos Ready to Lead the Rally in April 2025

Dogecoin Technical Signals Promise Recovery

A narrowing of the Bollinger Bands usually indicates a bearish decline in volatility. This suggests that Dogecoin (DOGE) may soon overcome its downtrend and begin its recovery journey.

Dogecoin briefly bottomed out at $0.1316 before the Bollinger Bands started to show a narrowing, signaling that the positive effects were beginning to show in the market. Dogecoin’s trading volume increased significantly, from 358.25% to $2.67 billion.

This increase suggests investors are investing in Dogecoin again, which could support the ongoing rebound movement after seven days of bearish fluctuations. In the past seven days, Dogecoin’s price fell 14.99% amid market uncertainty.

Read also: Why Do Crypto Markets Crash Constantly?

Sharp Declines and Market Support

Dogecoin recorded a sharp decline after breaking the critical $0.15 support level, which triggered panic among some market participants. However, investors’ caution began to fade as a market rebound began to take hold.

Current market sentiment seems to favor a bullish rebound towards $0.17 as buyers regain confidence and control of the market.

Comments from Billy Markus, co-founder of Dogecoin, may also have sparked new investor interest. Markus emphasized the cyclical nature of bull and bear markets and indicated the importance of persevering even in bearish times.

Also read: 5 Memecoins Investors are Hunting for April 2025!

Dogecoin’s Bullish Outlook Amid Market Realignment

With market conditions starting to realign, Dogecoin shows a strong bullish outlook. Investors and crypto market analysts should consider technical indicators such as Bollinger Bands to identify potential price movements. If the current trend continues, Dogecoin may see further increases in the near future.

This potential Dogecoin price recovery is important not only for investors looking to profit but also for the crypto ecosystem as a whole. As one of the most recognizable cryptocurrencies, Dogecoin’s price movements can often indicate general market sentiment.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• U.Today. Bollinger Bands Signal Imminent Rebound for Dogecoin. Accessed on April 9, 2025
• Featured Image: Coin Central