Dogecoin (DOGE) price showed renewed strength after rebounding from a recent low of $0.17878

The cryptocurrency formed a rounded bottom pattern on the 4-hour chart, signaling a change in trend direction.

Dogecoin (DOGE) price displayed renewed strength after bouncing from a recent low of $0.17878. The cryptocurrency formed a rounded bottom pattern on the 4-hour chart, signaling a change in trend direction.

Buyers stepped in aggressively near the $0.1750 support level, where the price started consolidating. This zone acted as a base for a possible continuation toward the $0.1850–$0.1920 range.

Dogecoin Price Rounded Bottom Formation Signals Recovery

After a prolonged decline from a high of $0.24290, Dogecoin price entered a consolidation phase. It established multiple lower highs at $0.20759 and $0.20500, indicating sustained selling pressure. After that, the asset dropped to a new local low near $0.13009.

A shift occurred when the price started recovering, first touching $0.16661 and then correcting to $0.15217. From there, a rounded bottom structure began to take shape. This technical pattern is often viewed as a sign of market recovery after heavy bearish activity.

As of April 28, 2025, the price broke out of this formation and is now holding above $0.1750, showing potential for further gains.

Traders have identified $0.1750–$0.1780 as a key entry zone. A bounce from this area could lead to short-term targets at $0.1850 and $0.1920. A stop-loss is commonly placed below $0.1710 to manage risk.

Dogecoin Price Consolidation Near Support Levels

Following the breakout, DOGE entered a range-bound phase between $0.17612 and $0.18300. This price behavior reflected market indecision, where buyers and sellers were currently balanced. Support around $0.1750 was tested multiple times, but it held strong.

Meanwhile, resistance at $0.18300 has capped several upward attempts. A break above this level could attract additional buyers and drive a rally toward $0.19000 and beyond.

Volume indicators also showed increased interest, with trading activity rising on major exchanges such as Binance.

Dogecoin price saw a 35% increase in 24-hour volume on April 28, 2025, totaling $1.2 billion. This surge in trading activity suggested that participants were positioning for a potential move.

Trading Volume, Open Interest, and On-Chain Activity Rise

Open interest in DOGE futures markets has been increasing again, with traders speculating on the next big move. Data showed that trading volume on Binance alone accounted for $450 million on April 28. Futures open interest rise alongside price often signals bullish positioning among leveraged traders.

The blockchain showed rising activity through various key performance indicators. Active addresses rose by 22% to 54,000 on April 27. Data shows a substantial increase of 18% in dollars exceeding $100,000, totaling $780 million during that period.

The improving data indicated that major account holders were building up their cryptocurrency holdings.

Market analysis from Whale Alert confirmed this trend. The data indicated a shift from short-term selling to longer-term holding behavior, combined with falling exchange inflows, which dropped 15% to $320 million.

Weekly Chart Closed Above 100 EMA for the First Time Since Breakdown

According to data from TradingView, Dogecoin’s weekly candle closed above the 100 Exponential Moving Average (EMA) for the first time in weeks. It was interpreted as a break of long-term resistance.

According to historical data, price rallies for meme coins generally start after weekly prices rise above the 100 EMA.

Dogecoin price reached $0.142 during the April 28 closing session, while its weekly minimum of $0.131 was reached on April 23. Its 24-hour market activity reached $1.2 billion while increasing 35% above the weekly normal trading volume levels.

Major DOGE trading pairs boosted this volume by demonstrating strong trader engagement and market liquidity.

However, bullish momentum was still in control at press time. Dogecoin price traded at $0.1792 and witnessed a 1.27% surge from the intraday low. During the rally, dogecoin’s market capitalization and 24-hour trading volume soared by 1.27% and 7.17%, respectively, to $26.72B and $1.19B.