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Posted: February 10, 2025
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Posted: February 10, 2025
Having lost more than 50% of its post-electoral gains compared to the fourth quarter of last year, it is not surprising that Dogecoin (Doge) has trouble with the feeling of investors around Hodling.
But with a high-level configuration in play, could a net rebound repel DOGE at $ 0.35, making most of the biggest same intelligent movement?
Since December, DOGE has exceeded $ 0.30, with hopes of a break at $ 0.48. Instead of a wave, the same has challenged expectations with a clear drop.
Now at $ 0.25, its lowest since November, Doge does not show signs of overheating. The pressure on the sale side still dominates, but a slight increase in RSI refers to a possible rebound.
Interestingly, retail investors and whales are back in accumulation mode. The portfolios holding 10k-100k DOGE added a billion pieces. Smaller wallets also take care of 10-100 DOGE.
Source: Santiment
This growing interest could push Dogecoin in a support scheme, preparing the way for a overvoltage fueled by Fomo.
Meanwhile, the cash market shows aggressive purchasing signs. Bitcoin holding stable, Doge seems to consolidate between $ 0.21 and $ 0.28 in the short term.
But with a drop of 40% compared to its annual peak of $ 0.42, the sellers uncovered undoubtedly raised the profits of chaos on the market.
Now, as the market shows the signs of a potential rebound, could the $ 2.33 million be the iceberg “point”?
To trigger a feeling of safe among traders, a rebound is crucial. With a solid liquidity group at $ 0.2759 with almost $ 35 million in high leverage shorts, a higher thrust could establish perfect compression – targeting $ 0.35.
Source: Coringlass
Whales reinforce each other, traders buy “DIP” and open interest (OI) is up 2%.
The data on the chain support theory, but performance “in terms of” through these measures are necessary to confirm whether Doge can free itself from its maintenance model.
Read the provision of Dogecoin Prices (DOGE) 2025-2026
But at the moment, the actual objective is to maintain strong boxes, especially after a drop of 40% in less than sixty days. A deeper withdrawal could lead to DOGE closer to $ 0.15.
With so much play, this compression must take place gently, and everything comes down to the whale and the punctual activity – keep an attentive eye.
post url: https://altcoin.observer/doge-drops-by-40-in-2-months-a-rebound-of-0-35-possible-only-if/
