On the 4-hour chart, $DOGE currently shows an interesting rebound configuration. It appears to have minimal resistance above and has just crossed its Tenkan line. The prices will likely continue to rise and touch the Kijun line at the 0.61 Fibonacci level. This places $DOGE in the buying zone, with a rebound from the 0.78 level.
The RSI is relatively low, exiting the oversold zone, making this a good opportunity for those interested in entering to potentially benefit from a rebound.
While there are no certainties, the technical configurations suggest a possibility for upward movement. However, the volumes are relatively low since it’s the weekend. Technically, there seems to be room for prices to rise for $DOGE at the moment.
