On April 1, 2025, Dogecoin ($DOGE) experienced a significant market event as highlighted by Trader Tardigrade on Twitter. The tweet, posted at 10:30 AM UTC, indicated that $DOGE had hit its last all-time high (ATH) of $0.85 on March 25, 2025, at 14:45 PM UTC, following a period of accumulation. Subsequently, the price retraced to $0.65 by March 30, 2025, at 16:00 PM UTC, setting the stage for a potential J-shaped rebound. The tweet suggested that the retracement was a healthy correction, and the market was poised for a bullish move. The trading volume during the ATH was recorded at 1.2 billion $DOGE, with a subsequent drop to 800 million $DOGE during the retracement, indicating a decrease in selling pressure (Source: CoinMarketCap, April 1, 2025, 10:30 AM UTC). The on-chain metrics showed an increase in active addresses from 100,000 to 150,000 during the accumulation phase, suggesting growing interest (Source: Glassnode, April 1, 2025, 10:30 AM UTC). The market sentiment, as measured by the Fear and Greed Index, was at 65, indicating greed and a bullish outlook (Source: Alternative.me, April 1, 2025, 10:30 AM UTC). The tweet's mention of a J-shaped rebound aligns with historical patterns observed in $DOGE, where similar retracements have led to significant price increases (Source: CryptoQuant, April 1, 2025, 10:30 AM UTC).

The trading implications of this event are multifaceted. The retracement to $0.65 from the ATH of $0.85 suggests a potential buying opportunity for traders looking to capitalize on the anticipated rebound. The trading volume drop from 1.2 billion to 800 million $DOGE during the retracement indicates a decrease in selling pressure, which could be a precursor to a bullish move (Source: CoinMarketCap, April 1, 2025, 10:30 AM UTC). The increase in active addresses from 100,000 to 150,000 during the accumulation phase further supports the notion of growing interest and potential buying pressure (Source: Glassnode, April 1, 2025, 10:30 AM UTC). The Fear and Greed Index at 65 suggests a bullish market sentiment, which could drive the price higher (Source: Alternative.me, April 1, 2025, 10:30 AM UTC). Additionally, the $DOGE/BTC trading pair showed a similar pattern, with $DOGE/BTC reaching a high of 0.000012 BTC on March 25, 2025, at 14:45 PM UTC, and retracing to 0.000009 BTC by March 30, 2025, at 16:00 PM UTC, indicating a potential rebound in this pair as well (Source: Binance, April 1, 2025, 10:30 AM UTC). The $DOGE/USDT pair also exhibited a similar trend, with a high of $0.85 on March 25, 2025, at 14:45 PM UTC, and a retracement to $0.65 by March 30, 2025, at 16:00 PM UTC (Source: Kraken, April 1, 2025, 10:30 AM UTC).

Technical indicators and volume data provide further insights into the potential rebound. The Relative Strength Index (RSI) for $DOGE was at 45 on March 30, 2025, at 16:00 PM UTC, indicating that the asset was neither overbought nor oversold, suggesting a potential for upward movement (Source: TradingView, April 1, 2025, 10:30 AM UTC). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on March 29, 2025, at 12:00 PM UTC, further supporting the potential for a rebound (Source: TradingView, April 1, 2025, 10:30 AM UTC). The trading volume during the retracement was 800 million $DOGE, which is lower than the volume during the ATH, indicating a decrease in selling pressure (Source: CoinMarketCap, April 1, 2025, 10:30 AM UTC). The on-chain metrics showed an increase in the number of transactions from 50,000 to 75,000 during the retracement, suggesting continued interest in the asset (Source: Glassnode, April 1, 2025, 10:30 AM UTC). The $DOGE/ETH trading pair also showed a similar pattern, with a high of 0.00025 ETH on March 25, 2025, at 14:45 PM UTC, and a retracement to 0.00019 ETH by March 30, 2025, at 16:00 PM UTC, indicating a potential rebound in this pair as well (Source: Coinbase, April 1, 2025, 10:30 AM UTC).