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The <a href="https://coingape.com/price/dogecoin/" rel="noopener noreferrer nofollow">Dogecoin price</a> witnessed a roller coaster ride in the first week of April. The new correction initiated at $0.228 high triggered a 25% drop to $0.167 before reverting to the $0.2 mark. With Bitcoin halving around the corner, this healthy retracement could bolster DOGE’s price to renew its recovery trend. 
Also Read: <a href="https://coingape.com/dogecoin-price-rebounds-for-1-whale-buys-huge-200m-doge/" rel="noopener noreferrer nofollow">Dogecoin Price Rebounds For $1 As Whale Buys Huge 200M DOGE</a>
<h2 id="b-dogecoin-in-the-spotlight-with-surging-prices-and-meme-coin-market-growth-b">Dogecoin in the Spotlight with Surging Prices and Meme Coin Market Growth</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/6/6zsRkqGD.png" alt="BINANCE:DOGEUSDT Chart " width="1946" height="937">
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 Dogecoin Price| Tradingview
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The mid-term outlook for <a href="https://coingape.com/price-predictions/dogecoin-doge-price-prediction/" rel="noopener noreferrer nofollow">Dogecoin</a> (DOGE) is optimistic, as indicated by a rising trendline on the daily chart. This trendline acts as a reliable support during market corrections, signaling a solid recovery trend.&nbsp;
Following a recent correction, the <a href="https://coingape.com/dogecoin-core-dev-clears-up-grok-ai-radiodoge-claims/" rel="noopener noreferrer nofollow">DOGE</a> price found a low at $0.17 before rallying 20% to reach $0.2. This move surpassed a key resistance level at $0.196, setting the stage for further recovery.&nbsp;
By the press time, the current market cap of Dogecoin wavers at $28.9 Billion, holding its position among the top 10 largest cryptocurrencies.
<blockquote>
 If this upward momentum continues, the Dogecoin price could see a 14% increase, aiming for the $0.228 mark. A successful breach of this level would further affirm the bullish trend and set the recovery trend to hit $0.271, followed by $.3
</blockquote>
As long as the ascending trendline remains unbroken, Dogecoin’s recovery trend is expected to continue.
In a recent analytical tweet, IntoTheBlock highlighted the significant growth in the meme cryptocurrency market, noting an impressive tripling of the aggregate value in 2024. Among the notable performers, Dogecoin (DOGE) has seen its price double, while <a href="https://coingape.com/shiba-inu-shib-price-shows-signs-of-recovery-heres-why/" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB) has surged by 2.5 times.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 The aggregate value of meme coins has nearly tripled in 2024!
 While DOGE has doubled in price in 2024, SHIB has increased 2.5x and PEPE nearly 5x. This memecoin season has led the valuation of memecoins to surpass $56B. <a href="https://t.co/FdRykE3juD" rel="noopener noreferrer nofollow">pic.twitter.com/FdRykE3juD</a>
 — IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1776867667338543307?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 7, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
PepeCoin has demonstrated an even more astonishing increase, quintupling in value. This collective surge has propelled the meme coin market capitalization beyond the $56 billion mark, signaling a robust meme coin season.
Also Read: <a href="https://coingape.com/sponsored/dogecoin-price-pumping-again-as-dogecoin20-nears-exchange-listing/" rel="noopener noreferrer nofollow">Dogecoin Price Pumping Again As Dogecoin20 Nears Exchange Listing</a>
<h2 id="b-technical-indicator-b">Technical Indicator</h2>
<ul>
 <li style="font-weight: 400;" aria-level="1">Exponential Moving Average: The 50-day <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/" rel="noopener noreferrer nofollow">EMA</a> acts as additional pullback support for buyers, while the uptick indicates the buyers are active in the current market.</li>
 <li style="font-weight: 400;" aria-level="1">Relative Strength Index: The daily <a href="https://coingape.com/glossary/rsi-relative-strength-index/" rel="noopener noreferrer nofollow">RSI</a> rebound from 50% indicates a positive market sentiment returning to this asset.</li>
</ul>
The post <a href="https://coingape.com/markets/will-dogecoin-price-surpass-0-25-barrier-in-april/" rel="noopener noreferrer nofollow">Will Dogecoin Price Surpass $0.25 Barrier in April?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Will Dogecoin Price Surpass $0.25 Barrier in April?

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