cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

Dogecoin Flashes Oversold Signal—Rebound Ahead?

-

by

cryptd.in
in

Dogecoin has once again dipped into oversold territory on its 4-hour chart on Tuesday, marking the most pronounced level of selling pressure since the sudden capitulation on February 3. During that episode, the price plunged to around $0.20 before rebounding by 45% within the same trading day—a move that underscored how quickly Dogecoin can rally from oversold conditions.

Dogecoin Price Plunges Into Oversold Zone

In an analysis today, crypto Analyst Cas Abbé (@cas_abbe) highlights an RSI reading that has dipped to 30 on Tuesday, indicating that selling pressure may be nearing its limit. Dogecoin’s path to this oversold level began after it failed to maintain momentum near $0.28.

Dogecoin price analysis

The cryptocurrency currently trades around $0.25, a zone that Abbé identifies as historically prone to strong support. He suggests that negative sentiment toward memecoins triggered by the LIBRA meme coin disaster by Argentinian President Javier Milei appears to have reached unprecedented lows. This, according to him, could paradoxically create an attractive accumulation opportunity.

Abbé projects that Dogecoin could stage a short-term push to $0.30, a psychologically significant level that coincides with prior resistance. A move beyond $0.30 could open the door for a test of the yearly high, although a sustained uptrend may hinge on how broader market sentiment evolves and whether broader risk-appetite improves.

“DOGE has reached its most oversold level since the February 3rd capitulation. Sentiment for memes has reached an all-time low, which also presents a good opportunity to accumulate cult memecoins. I’m expecting a short-term move towards $0.3, followed by a new yearly high,” Abbé concludes.

On Monday, Abbé also discussed a recurring bullish pattern visible on the 3-day chart of Dogecoin. He traced three distinct descending channels in Dogecoin’s price action—one in Q4 2023, another in Q3 2024, and the current one unfolding in early 2025.

In both of the previous instances, Dogecoin broke above the descending channel’s upper boundary, sparking gains exceeding 150%. Abbé points out that Dogecoin appears to be following a similar downward-sloping channel today, ranging from approximately $0.36 at its upper boundary to around $0.24 at its lower end.

If the same pattern holds true, a decisive break above the channel’s resistance could trigger another triple-digit percentage rally. However, if Dogecoin moves below that lower boundary, the bullish setup observed in the prior two breakouts would face potential invalidation.

At press time, DOGE traded at $0.25.

Dogecoin price

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (458) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (74) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (4) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (6) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.