Crypto
Dogecoin Rangebound at Weakest Price Since November 2023
Dogecoin has been trading in a narrow range near $0.07, its weakest price since November 2023.
The current area is historically low for DOGE, but it's not yet clear if this marks the end of the downtrend or a potential reversal.
An on-chain reading from Alphractal founder Joao Wedson suggests that Dogecoin is undervalued, but price has not confirmed a reversal.
A daily close below $0.068 would break the range, and reclaiming $0.072 followed by a successful retest of $0.073-$0.074 would show that the valuation extreme is beginning to attract sustained demand.