DOGE Recovers After Hitting 2-Month Low After a Sharp Sell-off Linked to U.S.-Iran News
- Dogecoin breaks key trendline near $0.1510, hinting at a potential short-term reversal.
- RSI below 30 signals oversold status, with possible bounce from current DOGE levels.
- Netflow data shows easing sell pressure, suggesting stabilization after recent DOGE slump.
Dogecoin (DOGE) has shown signs of recovery after dropping to a two-month low during a market-wide selloff. The downturn was linked to investor jitters following an escalation in geopolitical tensions between the United States and Iran.
Despite a weekly loss of over 14%, the token has bounced from the key $0.15 support level. A recent break of a short-term downtrend on the hourly chart now has analysts watching for a potential shift in market momentum.
Geopolitical Tensions Trigger Market Sell-Off
According to market analyst Trader Tardigrade, DOGE has managed to break above a descending trendline on the 1-hour chart. This trendline had consistently rejected price attempts to move higher. The breakout occurred at around $0.1510 and was confirmed by a strong bullish candle, signaling increased buyer interest.
While resistance still looms near $0.1560 and $0.1600, the technical structure has …
The post DOGE Recovers After Hitting 2-Month Low After a Sharp Sell-off Linked to U.S.-Iran News appeared first on Coin Edition.
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DOGE Recovers After Hitting 2-Month Low After a Sharp Sell-off Linked to U.S.-Iran News
- Dogecoin breaks key trendline near $0.1510, hinting at a potential short-term reversal.
- RSI below 30 signals oversold status, with possible bounce from current DOGE levels.
- Netflow data shows easing sell pressure, suggesting stabilization after recent DOGE slump.
Dogecoin (DOGE) has shown signs of recovery after dropping to a two-month low during a market-wide selloff. The downturn was linked to investor jitters following an escalation in geopolitical tensions between the United States and Iran.
Despite a weekly loss of over 14%, the token has bounced from the key $0.15 support level. A recent break of a short-term downtrend on the hourly chart now has analysts watching for a potential shift in market momentum.
Geopolitical Tensions Trigger Market Sell-Off
According to market analyst Trader Tardigrade, DOGE has managed to break above a descending trendline on the 1-hour chart. This trendline had consistently rejected price attempts to move higher. The breakout occurred at around $0.1510 and was confirmed by a strong bullish candle, signaling increased buyer interest.
While resistance still looms near $0.1560 and $0.1600, the technical structure has …
The post DOGE Recovers After Hitting 2-Month Low After a Sharp Sell-off Linked to U.S.-Iran News appeared first on Coin Edition.
Read More
Legal Storm Forces Pump.fun to Delay Billion-Dollar Token Sale