Analyst Suggests Ideal Dogecoin Accumulation Period
- Dogecoin’s weekly RSI is at a level last seen in October, when the price was $0.10.
- A critical trend line has been maintained since early 2023.
- The 3-day MACD indicator suggests a potential bullish reversal.
- There is a 63% chance for a Dogecoin ETF by the end of the year.
- Dogecoin traded at $0.20 at press time.
Crypto analyst Kevin highlights technical indicators and macroeconomic factors suggesting an opportune moment to accumulate Dogecoin, with its weekly RSI mirroring levels from last October and potential regulatory developments favoring the asset.
Source (2.6)https://www.newsbtc.com/news/dogecoin/buy-dogecoin-now-analyst-says-this-is-the-spot/?rand=52377
