Dogecoin Flashes Oversold Signal—Rebound Ahead?
Dogecoin once again dipped in oversold territory on its 4-hour chart on Tuesday, marking the most obvious level of sales pressure since the sudden surrender on February 3. In that episode, the price dropped to around $0.20 and then 45% on the rebound. The same trading day – This move highlights the speed at which domycin can rise from overselling conditions.
Dogecoin price falls into oversold zone
exist analyze Today, crypto analyst Cas Abbé (@CAS_ABBE) highlighted the RSI reading, which has dropped to 30 on Tuesday, suggesting that sales pressure may be close to its limit. After Dogecoin failed to maintain momentum near $0.28, it began this over-level path.
Cryptocurrency currently trades around $0.25, and the region has been historically easy to gain strong support. He suggested that negative emotions caused by commemorative factors Libra meme coin disaster Argentina President Javier Milei appears to have reached an unprecedented low. According to him, this can paradoxically create attractive accumulation opportunities.
Related Readings
Abbé predicts that Dogecoin can be pushed to $0.30 in the short term, a psychologically significant level that matches previous resistance. Actions above $0.30 can open the door to high annual testing, although the ongoing upward trend may depend on the extent of market sentiment and whether the broader risk range improves.
“Doge has reached its highest level since surrendering on February 3. Sentiment towards memes has reached an all-time low, which also brings a good opportunity to accumulate cult members. I expect to move towards $0.3 in the short term, then annually A new climax.” Abe concluded.
Related Readings
On Monday, Abbe discuss Repeated bullish patterns visible in the Dogecoin chart for three days. He tracked three different channels of decline in Dogecoin’s price action – the second quarter of 2023, the other in the third quarter of 2024, and the current one was launched in early 2025.
In the previous two instances, Dogecoin broke above the upper boundary of the down channel, producing a growth of more than 150%. Abbé notes that Dogecoin appears to be following a similar downward sloping channel nowadays, ranging from $0.36 at its upper boundary to around $0.24 at the lower end.
If the same pattern holds, a decisive break above the channel’s resistance may trigger Another triple-digit gathering. However, if domycin moves below the lower boundary, the bullish settings observed in the first two breakouts will face potential invalidity.
At press time, Doge traded at $0.25.
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