The analyst discussed how Dogecoin has experienced a rise followed by correction waves, suggesting that the current correction may be nearing completion. He identified a key price region from $0.24 to $0.18 as a good place to accumulate Dogecoin, as it has acted as both support and resistance in the past. However, he emphasized that a drop below $0.16 would invalidate the bullish setup and traders should sell the token in that case. The analyst also highlighted the Fibonacci retracement and oversold RSI reading as supporting evidence for a potential price rebound. He noted that while Dogecoin's hype has decreased, it could lead to near-term stability and a possible shift in sentiment once traders realize the coin has bottomed. The analyst urged buyers to closely monitor the price levels mentioned to confirm the completion of the correction.



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