DOGE Shows Bullish Reversal as Breakout Signals Upward Momentum
Dogecoin (DOGE) has transitioned from a bearish to a bullish trend on the H4 chart, with a breakout above the trendline indicating strengthening upward momentum. The Relative Strength Index (RSI) approaching the 50 level further supports the potential for continued bullish movement. As of April 18, 2025, Doge is trading at $0.1541, showing renewed vigor after enduring days of bearish pressure. This article delves into the recent price action, key technical indicators, and what traders can expect next for the popular meme cryptocurrency.
Dogecoin (DOGE) Breakout Confirms Bullish Reversal on H4 Chart
Dogecoin has flipped from a bearish to a bullish trend on the H4 chart, with a breakout above the trendline signaling growing upward momentum. The RSI nearing the 50 level could confirm a continued bullish drive. Currently trading at $0.1541, Dogecoin shows signs of life after days of bearish pressure. Between April 13 and April 16, Dogecoin followed a descending pattern, but a sharp rally broke through the ceiling on April 16, indicating a technical turnaround.
Best Crypto to Buy Now: BTCBULL Offers Huge Upside Amid Dogecoin Decline
Dogecoin (DOGE) has lost nearly half of its value this year as investors have shunned meme coins due to unfavorable macroeconomic conditions. Donald Trump’s aggressive trade policies have led to higher inflation in the United States, spooking the markets. The Fear and Greed Index has been in Fear territory since March and has hit record lows twice. Despite a slight retreat of 4.12% in the past year, the combined value of meme coins is now nearly 68% off its all-time high. While the article mentions some tokens, it does not specify which ones are the best to buy now, but BTCBULL is mentioned as offering huge upside potential.
Dogecoin Open Interest Rises to $1.55B; DOGE Price Increases
The open interest in Dogecoin (DOGE) futures has risen to $1.55 billion, indicating increased trader activity and buying pressure. Technical indicators on the 1-day chart show bullish signals, with the MACD and signal lines displaying a bullish crossover. DOGE remains in consolidation between $0.15 and $0.17 amid uncertainty in the overall financial markets. The rise in Dogecoin’s price confirms buying pressure in its derivatives markets, according to Coinglass data.
