Dogecoin price experienced a significant 12% decline following President Trump’s announcement of new tariffs. While this drop appears substantial, it hasn’t disrupted the meme coin’s crucial support range, indicating a strong potential for a rebound. Increased trading activity is further fueling optimism as fresh traders join the market. 70% gains have been achieved after hitting local highs at $0.48, while the price has since retreated below $0.15 before consolidating. This surge reflects growing market interest from both mid-tier holders and large whales who have accumulated significant DOGE holdings in recent days. A surge of unique addresses holding 10,000+ DOGE has also been recorded, with the figure now at 240K – a 6-month high. Technical indicators are showing positive signs too, with the price on the verge of breaking out from its current consolidation range, potentially rising by over 20%. The weekly chart shows bullish momentum as the price rebounds from the ascending support line. Currently, it’s stuck at the 0.236 FIB level after failing to rise beyond the 0.382 FIB mark around $0.21. However, decreasing selling pressure indicated by MACD and a potential bullish crossover is in sight. Meanwhile, DMI shows bearish outlook with +DI & -DI diverging from each other. Dogecoin remains under bearish pressure despite mixed technical signals, with upcoming weekly price action poised to determine if the bulls or bears will dominate the rally.