#TrumpTariffs SuperTrend Analysis: Should Dogecoin exceed $0.23, it may find itself in bullish territory

Leading memecoin in the bitcoin market, Dogecoin (DOGE) is displaying indications of a possible bullish trend after a notable 16% price recovery. Analysts advise that Dogecoin has to exceed a critical resistance level if it is to confirm its upward momentum.

Dogecoin Eyes New Bullish Trend Within Market Recovery

Macroeconomic events and more general market patterns have shaped Dogecoin's recent price swings, especially the effects of President Donald Trump's tariff policy.

Dogecoin fell drastically from an annual high of $0.4350 on January 18 to a low of $0.1430 on March 11. This drop is 67%. Still, the recent good performance suggests that a fresh bullish wave could be starting to develop.

Should it effectively cross the resistance level at $0.21, Dogecoin may go into a bullish phase.

Dongecoin

The expert also found the main support floor for the Dogecoin price around $0.177, which will be extremely important in deciding whether the currency will maintain its recovery or whether it will have another downslip.

Should Dogecoin fail to maintain this support level, it may return to the $0.14 price mark, where notable purchasing demand once helped sustain the price. Under this situation, the progress acquired over the last two weeks can be lost.

Glassnode claims that given numerous wallets most likely obtained at cheaper costs, this concentration indicates that the $0.20 level may operate as a powerful resistance point in the short future.

Positively for the token as well, despite the present unknowns regarding the price of Dogecoin, experts remain hopeful about the long-term future of memecoin.