Apr 1, 2025
1 0
Dogecoin Faces 30-40% Risk of Falling Below $0.165
A TradingView analysis indicates that Dogecoin (DOGE) may dip below $0.165 before potentially rebounding. Key points include:
- Oversold Relative Strength Index (RSI) levels suggest a possible price correction.
- Analyst estimates a 30-40% chance of a short-term drop into deeper support territory.
- Current RSI on the 4-hour chart is below 10, indicating strong oversold conditions.
- Daily RSI hovers around 32-33, signaling bearish pressure but potential for a bounce.
- Possible support levels are between $0.1580 and $0.1590, with a 60-70% chance of bouncing back to $0.172-$0.175 range after hitting support.
- Current trading price is $0.1649, down 3.6% in the past 24 hours.
Market reactions at the current level will determine short-term price movements, with buyers needed to facilitate a potential recovery.
