Dogecoin Indicators Flash Oversold Conditions: Is It Time To Accumulate?
Posted On March 5, 2025
Dogecoin’s (CRYPTO: DOGE) recent correction has led traders to call the current price a prime accumulation zone, citing multiple oversold indicators and key technical support levels.
What Happened: Crypto trader Kevin pointed out that Dogecoin’s weekly RSI is at the same level as October 2023 when DOGE was trading at $0.10.
He highlighted that the price is currently sitting at a key trendline from 2023 and resting at the macro 0.5 Fibonacci retracement level of $0.19, saying, “not a bad spot to start.”
Several oversold signals suggest this could be an ideal accumulation zone, provided proper risk management is applied.
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