DOGE, PEPE, PNUT Worth Evaluation: Can Memecoin Market Rebound Final Any Longer?…

DOGE/USD’s relative power index (RSI) on the four-hour chart is recovering after declining beneath 30, an oversold zone. The RSI eyes an in depth above 51 to point a robust upside momentum, which, in flip, might have DOGE break above the descending trendline resistance.

If it occurs, the memecoin can rally towards $zero.35, which aligns with the zero.382 Fibonacci retracement line and the 50-4H exponential transferring common (50-4H EMA; the purple wave).

Conversely, a break beneath the horizontal trendline help might ship the DOGE value towards the zero.zero Fib line, aligning with the $zero.26 stage. In different phrases, the worth can dip 15-16% by December’s finish.

DOGE/USD Weekly Worth Chart Evaluation — A 35-60% Decline If RSI Drops Under Key Assist

On the weekly chart, DOGE’s value reveals indicators of declining within the 35-60% vary within the coming weeks. On the core of this bearish outlook is a corrective weekly RSI, now closing in towards its ascending trendline help.