$DOGE Watch closely! đ„
On the weekly and monthly charts, Dogecoinâs price is squeezed against a strong support zone around $0.067â0.070.
The current price is holding near $0.0697. Quotes have already touched three-year lows, and the drop from the all-time high is about 90%.
The monthly RSI is now in an extreme oversold areaâeven deeper than at the bottom in 2022. The weekly RSI is also in oversold territory (~32â33).
On the monthly chart, you can see the classic compression after a long-term downtrend. The price is trading below the key EMAs (7, 25, 99), but volume at support is starting to stabilize, and Stochastic RSI on lower timeframes shows attempts to reverse.
All technical signals point to a potential reversalâor at least a strong rebound. đđ
The situation is extremely interesting. DOGE is back in the zone where strong impulses began earlier.
Weâll watch volumes and how price reacts to the support.
$DOGE
On the weekly and monthly charts, Dogecoinâs price is squeezed against a strong support zone around $0.067â0.070.
The current price is holding near $0.0697. Quotes have already touched three-year lows, and the drop from the all-time high is about 90%.
The monthly RSI is now in an extreme oversold areaâeven deeper than at the bottom in 2022. The weekly RSI is also in oversold territory (~32â33).
On the monthly chart, you can see the classic compression after a long-term downtrend. The price is trading below the key EMAs (7, 25, 99), but volume at support is starting to stabilize, and Stochastic RSI on lower timeframes shows attempts to reverse.
All technical signals point to a potential reversalâor at least a strong rebound. đđ
The situation is extremely interesting. DOGE is back in the zone where strong impulses began earlier.
Weâll watch volumes and how price reacts to the support.
$DOGE