Dogecoin (DOGE/USDT) Shows Bullish Reversal Setup
The post Dogecoin (DOGE/USDT) Shows Bullish Reversal Setup appeared first on Coinpedia Fintech News
- Dogecoin starts 2025 with good momentum
- Followed by a swift uptick, the memecoin price is now at its yearly low.
- DOGE lost $0.13, a crucial zone.
- Doge USDT 4 hour chart shows a reclaim power pattern above $0.13 and higher.
Dogecoin, the 9th largest crypto by marketcap if 21.5B USD, is currently driving in a crucial zone. Currently trading at $0.1282, the memecoin has fallen to nearly 60% in a year and records lows in the weekly and daily time frames, too.
The crypto was in the concern zone after losing its position below $0.13 amid huge volume spot selling. This level needs to be reclaimed for the coin to stay in the right zone of recovery, else we may see it crossing below its last summer figures.
DOGEUSDT 4h Chart Is All Bullish
The price movement here shows basic bullish acceleration above $0.12600, a positive sign for the buyer. A purchase can be considered as long as the price remains above $0.1250.
RSI at 42 shows growing interest of buyers, and a breakthrough of RSI will boost momentum into the resistance of $0.134. A surge above this zone will lead the DOGE price to $0.14.
In the event of invalidation of the trend, the crypto will move below the $0.12 zone, which becomes riskier.
The derivatives surge is a sign for Doge?
The Dogecoin futures are showing high volatility, with a volume surge of 53,000% to $260 million. This came even before the recent stability of Dogecoin. The Dogecoin ETF and the derivatives surge remain the catalyst for this and the upcoming trend reversal.
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