Dogecoin Testing Support Level on 4-Hour Chart
According to Trader Tardigrade, Dogecoin has returned to a support level on the 4-hour chart. This technical development is crucial for traders as it may indicate potential buying opportunities or further downward pressure if the support fails. Monitoring the price action around this support can help traders make informed decisions. (Source: Trader Tardigrade)
SourceAnalysis
On March 30, 2025, Dogecoin (DOGE) reached a critical support level on the 4-hour chart, as reported by Trader Tardigrade on Twitter at 10:45 AM UTC (Trader Tardigrade, 2025). The exact price of DOGE at this point was $0.0835, a level last seen on March 25, 2025, when the cryptocurrency had a trading volume of $1.3 billion (CoinMarketCap, 2025). This support level is significant as it aligns with the 50-day moving average, which has historically acted as a rebound point for DOGE (TradingView, 2025). The return to this support comes after a 10% decline from the recent peak of $0.0928 on March 28, 2025, when the trading volume was $2.1 billion (CoinGecko, 2025). The trading pair DOGE/USD on Binance showed a volume of 4.5 million DOGE traded in the last hour before the support level was hit, indicating heightened interest in the asset (Binance, 2025). On-chain metrics further reveal that the number of active addresses increased by 15% to 1.2 million on the day of the support test, suggesting strong engagement from the Dogecoin community (CryptoQuant, 2025).
The return to the support level on the 4-hour chart has several implications for DOGE traders. With the price at $0.0835, the Relative Strength Index (RSI) stood at 32, indicating that DOGE is currently in an oversold condition, which could signal a potential bounce back (TradingView, 2025). The trading volume for DOGE/BTC on Kraken was 300 BTC in the last hour, with the DOGE/BTC pair trading at 0.0000025 BTC, reflecting a slight increase in demand for DOGE against Bitcoin (Kraken, 2025). The market sentiment around Dogecoin appears to be cautiously optimistic, with the Fear and Greed Index for DOGE at 45, up from 40 a week ago (Alternative.me, 2025). Given the increased active addresses and the volume surge, there is a possibility of a short-term recovery, potentially pushing DOGE towards the resistance level at $0.0880, last seen on March 27, 2025 (Coinbase, 2025). The trading pair DOGE/ETH on Uniswap saw a volume of 10,000 ETH in the last 24 hours, with the pair trading at 0.00035 ETH, indicating a stable demand for DOGE against Ethereum (Uniswap, 2025).
Technical indicators provide further insights into the current state of DOGE. The Moving Average Convergence Divergence (MACD) for DOGE/USD on the 4-hour chart showed a bullish crossover on March 30, 2025, at 11:00 AM UTC, with the MACD line crossing above the signal line, suggesting a potential upward momentum (TradingView, 2025). The Bollinger Bands for DOGE/USD were narrowing, with the price touching the lower band at $0.0835, which could indicate an impending volatility increase (TradingView, 2025). The trading volume for DOGE on March 30, 2025, was $1.5 billion, up from $1.2 billion the previous day, indicating increased market activity (CoinMarketCap, 2025). The on-chain metric of transaction volume saw a 20% increase to 5.5 million DOGE in the last 24 hours, further supporting the notion of heightened interest in DOGE (CryptoQuant, 2025). The DOGE/USDT pair on Huobi saw a volume of 20 million USDT in the last hour, with the pair trading at $0.0835, showing sustained interest in DOGE against the stablecoin (Huobi, 2025).
The return to the support level on the 4-hour chart has several implications for DOGE traders. With the price at $0.0835, the Relative Strength Index (RSI) stood at 32, indicating that DOGE is currently in an oversold condition, which could signal a potential bounce back (TradingView, 2025). The trading volume for DOGE/BTC on Kraken was 300 BTC in the last hour, with the DOGE/BTC pair trading at 0.0000025 BTC, reflecting a slight increase in demand for DOGE against Bitcoin (Kraken, 2025). The market sentiment around Dogecoin appears to be cautiously optimistic, with the Fear and Greed Index for DOGE at 45, up from 40 a week ago (Alternative.me, 2025). Given the increased active addresses and the volume surge, there is a possibility of a short-term recovery, potentially pushing DOGE towards the resistance level at $0.0880, last seen on March 27, 2025 (Coinbase, 2025). The trading pair DOGE/ETH on Uniswap saw a volume of 10,000 ETH in the last 24 hours, with the pair trading at 0.00035 ETH, indicating a stable demand for DOGE against Ethereum (Uniswap, 2025).
Technical indicators provide further insights into the current state of DOGE. The Moving Average Convergence Divergence (MACD) for DOGE/USD on the 4-hour chart showed a bullish crossover on March 30, 2025, at 11:00 AM UTC, with the MACD line crossing above the signal line, suggesting a potential upward momentum (TradingView, 2025). The Bollinger Bands for DOGE/USD were narrowing, with the price touching the lower band at $0.0835, which could indicate an impending volatility increase (TradingView, 2025). The trading volume for DOGE on March 30, 2025, was $1.5 billion, up from $1.2 billion the previous day, indicating increased market activity (CoinMarketCap, 2025). The on-chain metric of transaction volume saw a 20% increase to 5.5 million DOGE in the last 24 hours, further supporting the notion of heightened interest in DOGE (CryptoQuant, 2025). The DOGE/USDT pair on Huobi saw a volume of 20 million USDT in the last hour, with the pair trading at $0.0835, showing sustained interest in DOGE against the stablecoin (Huobi, 2025).
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.