Outlook on Doge:
If the price increases and a Break of Market Structure (BMS) occurs, there is potential for a retest at its buy-side liquidity at 0.39. Additionally, a rejection at RSI 46.13 indicates a potential price increase.
If no BMS occurs, the price may correct down to its sell side liquidity at 0.31 or 0.34.
Renzo is liquid restaking on the Eigen Layer. With restaking, users can earn additional rewards from tokens they have already staked, without needing to withdraw assets from the main platform.
The RSI is around the 41.78 level, indicating a near-oversold condition. This could mean there is potential for a bullish reversal if momentum shifts.
There is relatively...
