The biggest meme coin is sliding alongside the broader market dip 🖤 yet analysts keep hinting at bullish vibes ahead.
Several signals point to easing bearish vibes, hinting the pressure could fade soon.
Rebound Incoming?
DOGE sits near $0.096 right now after a 6% weekly slide. It held steadier than BTC’s 10% drop and altcoins like BCH or SUI which tumbled nearly 20%.
Analysts have been tossing out fresh price calls. Ali Martinez flagged a TD Sequential buy signal on DOGE here noting $0.096 support could spark a move to $0.11. CryptoBoss echoed a similar take over here calling current prices a solid entry and eyeing $0.108 soon after.
CoinForge and MikybullCrypto sounded even more upbeat. CoinForge shared DOGE looks ready for something wild recalling the 2024 descending triangle that led to a breakout explosion.
2026 breakout ahead
MikybullCrypto added the OG meme coin sits at a level primed for a massive run to a new all-time high targeting $2.50. Such a jump would push its market cap past $385 billion though only BTC currently clears that mark while ETH trails under $240 billion.
Observing Some Indicators
DOGE’s RSI adds weight to the bullish chatter. It has slipped below 30 marking the asset as oversold and potentially ready for a lift. The scale runs 0 to 100 with readings over 70 flagging possible pullbacks ahead.
DOGE RSI, Source: RSI Hunter
Exchange netflows tell another story. Outflows have topped inflows lately per CoinGlass data showing holders moving coins off centralized spots for self-custody and cutting near-term sell pressure.
DOGE Exchange Reserve, Source: CoinGlass
Just another echo from the void by iconofsin.eth 💖
