- Dogecoin breaks the most important trendline near $ 0.1510 and indicates a potential short -term rating.
- RSI under the 30 signals over -sold status, with possible bouncing of the current Doge levels.
- Netflow data shows that the sales pressure is relaxed, which suggests stabilization after recent doge malaise.
Dogecoin (Doge) has shown signs of recovery after falling a lowest point in two months during a market -wide sale. The recession was linked to investor jiters after an escalation in geopolitical tensions between the United States and Iran.
Despite a weekly loss of more than 14%, token is bounced from the most important support level of $ 0.15. A recent interruption of a short -term trend on the hourly table now has analysts who look forward to a possible shift in the market momentum.
Geopolitical tensions activate market sales
According to market analyst Tardigrade, Doge has succeeded in breaking over a falling trendline on the 1 -hour graph. This trendline had consistently rejected the price attempts to move higher. The breakout took place at around $ 0.1510 and was confirmed by a strong bullish candle, which indicates an elevated buyer’s interest.
Although the resistance is still looming in the vicinity of $ 0.1560 and $ 0.1600, the technical structure has been improved. The outbreak can indicate a change in the direction of the short term if Dogecoin manages to keep it above the broken trend line. Traders keep a close eye on retests or consolidations in the vicinity of the trendline to validate this potential shift.
Market sentiment remains fragile
Despite the outbreak, the market sentiment remains careful. Dogecoin is currently priced at $ 0.1519, which reflects a decrease of 2.14% in the last 24 hours. In the past week, DOGE has fallen more than 14%, which emphasizes the constant pressure.
Netflow data show persistent outflows since mid-November, which indicates distribution instead of accumulation. Large outflow events at the end of 2024 and early 2025 were correlated with steep price decreases, which contributes to investors Warriness. Recently the outsourcing were softened, with a small $ 88.67k, which suggests that the sales pressure stabilizes.
Related: Doge price forecast: What happens to the price of Dogecoin?
Indicators show over -sold circumstances
The most important indicators are now flashy oversold signals. The relative strength index (RSI) is 27.88 and places it far below 30 threshold. Historically, such low RSI levels have often preceded the price bumps in the short term.
In addition, the MACD shows a bearish crossover, with both the MACD and the signal line under zero, which strengthens the current weakness of the market. However, any increase in Momentum or a positive crossover can serve as an early sign of recovery.
Related: Dogecoin is preparing for a potential outbreak, analysts eye $ 2.28 target
Looking ahead, Coincodex analysts can predict that Dogecoin could end the year between $ 0.159 and $ 0.176. If these prospects are in force, the current buyers can achieve up to 15% in potential profit. For now, all eyes are aimed at whether Dogecoin can retain more than $ 0.15 and can retain its outbreak in the coming days.
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