• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Dogecoin

Dogecoin Flashes Oversold Signal—Rebound Ahead?

n70products by n70products
February 19, 2025
in Dogecoin
0
Dogecoin Flashes Oversold Signal—Rebound Ahead?
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter



Este artículo también está disponible en español.

Dogecoin has as soon as once more dipped into oversold territory on its 4-hour chart on Tuesday, marking essentially the most pronounced degree of promoting strain because the sudden capitulation on February 3. Throughout that episode, the worth plunged to round $0.20 earlier than rebounding by 45% throughout the similar buying and selling day—a transfer that underscored how shortly Dogecoin can rally from oversold circumstances.

Dogecoin Value Plunges Into Oversold Zone

In an analysis immediately, crypto Analyst Cas Abbé (@cas_abbe) highlights an RSI studying that has dipped to 30 on Tuesday, indicating that promoting strain could also be nearing its restrict. Dogecoin’s path to this oversold degree started after it failed to keep up momentum close to $0.28.

Dogecoin price analysis
Dogecoin worth evaluation, 4-hour chart | Supply: X @cas_abbe

The cryptocurrency at the moment trades round $0.25, a zone that Abbé identifies as traditionally liable to robust assist. He means that destructive sentiment towards memecoins triggered by the LIBRA meme coin disaster by Argentinian President Javier Milei seems to have reached unprecedented lows. This, in line with him, may paradoxically create a pretty accumulation alternative.

Associated Studying

Abbé initiatives that Dogecoin may stage a short-term push to $0.30, a psychologically vital degree that coincides with prior resistance. A transfer past $0.30 may open the door for a take a look at of the yearly excessive, though a sustained uptrend might hinge on how broader market sentiment evolves and whether or not broader risk-appetite improves.

“DOGE has reached its most oversold degree because the February third capitulation. Sentiment for memes has reached an all-time low, which additionally presents a very good alternative to build up cult memecoins. I’m anticipating a short-term transfer in direction of $0.3, adopted by a brand new yearly excessive,” Abbé concludes.

Associated Studying

On Monday, Abbé additionally discussed a recurring bullish sample seen on the 3-day chart of Dogecoin. He traced three distinct descending channels in Dogecoin’s worth motion—one in This fall 2023, one other in Q3 2024, and the present one unfolding in early 2025.

In each of the earlier cases, Dogecoin broke above the descending channel’s higher boundary, sparking features exceeding 150%. Abbé factors out that Dogecoin seems to be following an analogous downward-sloping channel immediately, starting from roughly $0.36 at its higher boundary to round $0.24 at its decrease finish.

If the identical sample holds true, a decisive break above the channel’s resistance may set off another triple-digit percentage rally. Nonetheless, if Dogecoin strikes under that decrease boundary, the bullish setup noticed within the prior two breakouts would face potential invalidation.

At press time, DOGE traded at $0.25.

Dogecoin price
DOGE worth, 1-day chart | Supply: DOGEUSDT on TradingView.com

Featured picture created with DALL.E, chart from TradingView.com



Source link

Tags: aheadDogecoinFlashesOversoldSignalRebound
Previous Post

Trader Predicts Dogecoin Breakout Rally, Warns Bulls To Be ‘Hyperliquidated’ by Layer-1 Altcoin

Next Post

The 1.x Files: January call digest

Next Post
The 1.x Files: January call digest

The 1.x Files: January call digest

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Coinbase Chief Legal Officer Uncovers 20 Instances of US Regulator Telling Banks To Stop Crypto Services

Coinbase Chief Legal Officer Uncovers 20 Instances of US Regulator Telling Banks To Stop Crypto Services

November 4, 2024
Experts Warn Of 6-Month Slump To $73,000

Experts Warn Of 6-Month Slump To $73,000

February 26, 2025

Top-100 Altcoins Sui and Helium Defy Crypto Market Downtick and Surge in Price Amid New Fundamental Developments

August 11, 2024

Recents

Bitcoin all-time high and Coinbase in S&P 500: May in Charts

Bitcoin all-time high and Coinbase in S&P 500: May in Charts

May 31, 2025
XRP Price Risks Crash Below $2 As Correction Takes Hold, Here’s Why

XRP Price Risks Crash Below $2 As Correction Takes Hold, Here’s Why

May 31, 2025
Is Ethereum Preparing For A Move To $3,800? Analysts Predict Bullish Phase Ahead

Is Ethereum Preparing For A Move To $3,800? Analysts Predict Bullish Phase Ahead

May 31, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high hits Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version