Dogecoin has at all times been a wild experience for merchants, and over the previous few days, has behaved in a fashion that has stored buyers on edge. As of March 29, 2025, the meme coin has a worth of $0.1745, after falling by -3.99% within the final 24 hrs, at press time. Nevertheless, the TradingView chart for Dogecoin from the identical day exhibits a 2.89% decline, with the costs declining to $0.17498, from the height of $0.1861.
supply:coinmarketcap
Technical Setup
In a current tweet on X ( previously recognized as twitter ) by Elon Mark, we could have some bottoming sample round $0.1600. If we observe a bullish sample, there’s a measurement of 7x, which might discover Dogecoin at $1.50. If we observe a bearish sample, there may be potential for a drop-off to $0.0250. The Dogecoin worth was lately at $0.1800, after declining from a excessive that was close to $0.6500. The Dogecoin chart implies that Dogecoin is at a vital time, with a help curve to which worth could flip and reverse. There are numerous merchants cut up on both a major development up, or a continuation of draw back worth stress.
supply:X
Technical Indicators: Is a Reversal Being Signaled by the RSI and MACD?
The TradingView chart additionally provides necessary indicators. The RSI is at 42.89, and can also be shut to the oversold degree on the 40 mark. This signifies that promoting stress may very well be operating out, creating a chance for a bounce. First, the MACD is displaying a bearish crossover: the MACD line is at -0.00886, and the sign line is under at -0.01088. This has been sufficiently established as downward momentum. The unfold of the 2 traces is narrowing and would point out a possible reversal if there may be for any shopping for curiosity.
supply:TradingView
Liquidation Heatmap: The place’s the Battle?
The liquidation heatmap on TradingView exhibits lots of exercise. Excessive liquidation zones are round $0.17498, with quick positions (pink) outweighing the lengthy positions (inexperienced), so the bears are in management right here. Lengthy positions are pretty skinny, which suggests low bullish confidence. IF Dogecoin breaks under $0.174, then a giant wave of liquidations may drive costs down in the direction of $0.15.
