I expect DOGE goes down to 0.1580-0.1590 and bounce back. It is my assumption not a financial advice!
Current RSI Overview:
1-Hour RSI: Around 25-27, deep in the oversold zone.
4-Hour RSI: Below 10, extremely oversold, suggesting a potential bounce.
Daily RSI: Around 32-33, approaching oversold territory but not yet fully there.
Likelihood of a Drop Below $0.165:
Moderate Probability (~30-40%) – While RSI suggests a bounce is likely, there’s still a possibility of a quick dip to test stronger support below.
Higher Bounce Probability (~60-70%) – Given the oversold conditions and approaching support, a bounce toward the $0.172-$0.175 range is more likely in the short term.
Current RSI Overview:
1-Hour RSI: Around 25-27, deep in the oversold zone.
4-Hour RSI: Below 10, extremely oversold, suggesting a potential bounce.
Daily RSI: Around 32-33, approaching oversold territory but not yet fully there.
Likelihood of a Drop Below $0.165:
Moderate Probability (~30-40%) – While RSI suggests a bounce is likely, there’s still a possibility of a quick dip to test stronger support below.
Higher Bounce Probability (~60-70%) – Given the oversold conditions and approaching support, a bounce toward the $0.172-$0.175 range is more likely in the short term.
Trade active
We should wait to brake $0.17300 to go higher. If not we will see downtrend coming again to retest $0.15500 range.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.