Franklin Templeton Filing Sets Stage for Dogecoin Price Surge to $0.45

Despite reaching an extremely oversold technical level, Dogecoin (DOGE) is showing signs of a potential recovery.

The memecoin's price has dropped nearly 90% from its all-time high and recently touched a three-year low near $0.067.

According to the crypto analyst Ash Crypto, DOGE has reached its most oversold level ever on the monthly Relative Strength Index (RSI), with RSI levels for the month just concluded being more entrenched in the oversold zone compared to the crypto market's bottom in 2022.

The inclusion of DOGE in Franklin Templeton's proposed Crypto Index ETF could boost momentum and increase institutional interest in the memecoin, potentially pushing its price to $0.45 if buying sentiment resurfaces and breaks through significant resistance levels.