- DOGE regained short-term strength as macro-driven liquidations lifted crypto prices.
- A 327.3M DOGE Robinhood transfer reduced exchange supply and supported sentiment.
- Ali Charts says $0.090-$0.060 is key, while $10 implies a 10,550% rise from $0.0939.
Dogecoin’s native token, DOGE, regained short-term traction after a broader crypto rebound pushed the memecoin back toward a key resistance cluster on the four-hour chart. The move followed Bitcoin’s reaction to macro news, as a fragile U.S.-Iran ceasefire announced on April 9 reshaped risk sentiment across markets.
Accordingly, WTI crude oil fell from $102 to $98 per barrel after the ceasefire headline, helping reprice Federal Reserve rate-cut expectations and triggering a sharp short squeeze. Per reports, more than $427 million in crypto short positions were liquidated in 48 hours. Within that move, Dogecoin rose roughly 0.78%, closely tracking Bitcoin’s 1% gain and reinforcing the strong beta relationship between both assets.
At the same time, on-chain flows added another supportive element to the setup. Whale Alert reported that 327,...
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