DOGE Holds at $0.245: Will It Climb to $0.27 or Slip to $0.20?
- Dogecoin (DOGE) nears critical $0.245 support level, with technical indicators suggesting potential rebound above $0.25 could trigger retest of $0.2737 resistance. - 14-day RSI at 45.46 shows weakening momentum, while 50-day SMA ($0.2348) and 200-day SMA ($0.1999) form dual-floor support amid broader crypto sell-offs. - Rex-Osprey Doge ETF launch and macroeconomic stabilization could drive fresh capital inflows, though $1.7B in crypto liquidations highlights market fragility. - Regulatory developments an
DOGE Holds Steady as Crucial Support Near $0.245 Remains Intact
According to recent market insights,
The 14-day Relative Strength Index (RSI) for
Wider market forces have put pressure on DOGE lately. Crypto markets have seen over $1.7 billion in liquidations, including major long positions in
The overall crypto landscape is showing mixed signals. DOGE’s 200-day SMA continues to rise, now at $0.1999, supporting a long-term bullish outlook. However, the CMC Altcoin Season Index has fallen to 62/100 from 78, suggesting headwinds for altcoins. Regulatory factors, such as the U.S. Federal Reserve’s tight monetary stance and pending ETF decisions, are expected to be key influences on DOGE’s short-term direction.
Looking forward, the $0.245 technical level will be closely watched by traders. A strong move above this mark could pave the way to $0.27, while failing to maintain it may extend the current correction. Analysts emphasize that DOGE’s future will be closely linked to broader economic trends and institutional participation, especially as the effects of the Rex-Osprey ETF become more apparent.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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