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Dogecoin (DOGE):Can corporate restructuring ignite a MEME revival?
DOGE’s current price is around $0.092. It is up 1.29% over the past 24 hours, successfully holding above the $0.09 support level, and even outperforming mainstream coins such as Bitcoin and Ethereum. The number of active addresses surged by 28%, and community participation has clearly rebounded. The support range is between $0.088 and $0.085, while resistance above is concentrated in the $0.10 to $0.105 area. On April 1, the Dogecoin development team announced a major corporate restructuring. After the news was released, DOGE rebounded 3.3% to $0.1550.
However, macro sentiment is not friendly. Trump predicted that the Iran war could last until the end of April, causing oil prices to return to above $100. DOGE therefore lost some retail support, with the price pressured below $0.0900 at the key support level of $0.0879. In Trump’s April 1 speech, he also claimed that Iran’s navy had been “completely destroyed,” and that the air force and missile programs had been severely damaged, while also proposing reopening the Strait of Hormuz as a condition for a ceasefire. Iran, in turn, emphasized that the strait is under its “complete control,” reiterating that it will use the blockade as a countermeasure. The Strait of Hormuz is a critical channel for global oil transport, and continued tensions in the strait will intensify expectations for global inflation, suppressing demand for community-driven MEME coins like DOGE. From a technical perspective, if DOGE can break through the $0.105 resistance level driven by positive news from corporate restructuring, it may test the $0.15 to $0.20 range; but if it falls below the $0.085 support, it could revisit prior lows.
#Gate广场四月发帖挑战