*๐ถ Has Dogecoin (DOGE) Entered the Oversold Zone?*
As of June 15, 2025, Dogecoin is trading at approximately *0.176*.
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๐ Technical Analysis
- *Relative Strength Index (RSI):* The daily RSI has dipped to around *44*, indicating weakening bullish momentum.
- *MACD:* The daily MACD has turned negative, with the MACD line crossing below the signal line, suggesting a bearish short-term trend.
- *Support Levels:* DOGE is testing structural demand around the *0.5 Fibonacci retracement at 0.1947*.
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๐ฎ Price Prediction for June 15
- *Bullish Scenario:* If DOGE manages to reclaim the *0.22โ0.23* resistance zone, it could target *0.25* in the short term.
- *Bearish Scenario:* Failure to hold current support levels may lead to a decline towards *$0.16*, aligning with longer-term trendline support.
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๐ง Final Thoughts
While DOGE has shown signs of weakening momentum, it's not yet in the oversold territory. Traders should monitor key support and resistance levels and consider using stop-loss orders to manage risk.
*Note: Always conduct your own research before making investment decisions.*