#BitwiseBitcoinETF

#DOGE Has the bottom of Dogecoin appeared?

On December 20, Dogecoin witnessed a drop to 0.262 USD, but the cryptocurrency asset recovered above 0.30 USD on the same day. Since then, Dogecoin has maintained a daily closing price above 0.30 USD, but the price remains below the 50-day EMA.

Based on historical perspective, it can be seen that Dogecoin has hit the bottom, as it has shown liquidity compensation at key levels of 0.32 USD and 0.34 USD. Earlier this month, TinTucBitcoin reported a fractal pattern from January 2024, where the bearish engulfing confirmation pulled the price down by 25-30%.

In December 2024, a similar situation occurred with DOGE, where this cryptocurrency asset is establishing a bottom after a recent 25% decline.

With the relative strength index (RSI) hitting a low below 30, selling pressure is nearly exhausted, and when Dogecoin regains its position above 0.35 USD, it will trigger a higher level for DOGE in 2025.