Dogecoin Surges 13% as Tariff Pause Boosts Crypto Market

Dogecoin has experienced a significant shift in momentum following recent macroeconomic developments and a series of strong technical signals, according to crypto chartist Kevin. The broader crypto market surged after the announcement of a 90-day pause on tariffs for 75 countries, while China’s tariffs were raised to 125%. This news sent Bitcoin above the $80,000 threshold and catapulted several major altcoins, including Dogecoin, higher.

Kevin noted a daily bullish divergence on Dogecoin, suggesting that the charts were giving hints ahead of time that the opportunity was not guaranteed but there. In the hours following the tariff announcement, Dogecoin rallied by approximately 13%, strengthening signs of a bullish divergence that Kevin first flagged two days earlier. He explained that Dogecoin came down to test the bull market structure ‘lines in the sand’ and was able to recover and close the daily candle slightly above this support level.

Kevin also noted the parallel between Dogecoin’s bullish divergence and that of Bitcoin on the daily time frame, suggesting that renewed optimism for DOGE may be tied, in part, to the leading cryptocurrency’s resilience above its own pivotal support. His outlook is rooted in a multi-week assessment of Dogecoin’s technical posture. At the end of March, he pointed to a “weekly demand candle” and the ‘Last line of bull market support.” He emphasized how crucial it remains for Dogecoin to hold above the 0.139 mark.

Kevin described the potential upside for Dogecoin as “phenomenal” relative to the risk of losing that $0.139 threshold for multiple weekly closes. The chart’s Fibonacci retracement and extension levels suggest potential technical targets for Dogecoin that remain relevant for traders seeking directional cues. These levels begin with the 0.236 at $0.09038, the 0.382 at $0.13827, the 0.5 at $0.19039, the 0.618 at $0.26216, the 0.65 at $0.28529, and the 0.70 at $0.3310. Higher up, the 0.786 reads $0.41339, the 0.88 is $0.54210, the 1.0 level marks $0.73839, and the 1.0866 is $0.93377. Further on the extension side, the 1.272 stands at $1.54348, and the 1.414 appears at $2.26813.

The analyst underscored that “as long as BTC holds these levels and does not lose $70K then I absolutely love this spot on DOGE,” highlighting how the broader market’s trajectory could shape Dogecoin’s path along these technical markers. However, the coming days will reveal whether Dogecoin can build on the momentum that emerged amid the tariff-related market surge—and whether the well-worn phrase “the trend is your friend” will keep Dogecoin enthusiasts in a bullish mindset.

At press time, DOGE traded at $0.15751. The next few days will be crucial in determining whether Dogecoin can sustain its bullish momentum and reach the next set of price targets identified by the analyst. The broader market’s trajectory, particularly Bitcoin’s performance, will play a significant role in shaping Dogecoin’s path forward.