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Is Dogecoin Massively Undervalued? Analyst Says ‘Now Is The Time’ Newsbtc vor 1 Woche

Is Dogecoin Massively Undervalued? Analyst Says ‘Now Is The Time’ 🐶

Dogecoin

Crypto commentator asif.eth claims Dogecoin is significantly undervalued, asserting its ABC correction phase may be complete. Analyzing through an Elliott Wave lens, he suggests the token is in a strong accumulation zone between $0.24 and $0.18, with an oversold RSI signaling a buying opportunity.

Emphasizing the importance of the identified price range, he describes it as a "huge supply turn to huge demand zone" and warns against holding below $0.16, a level he considers a crucial stop-loss point. Overlapping Fibonacci retracement supports his confidence that the market views this region as vital for Dogecoin's long-term trajectory.

Even as mainstream speculation on Dogecoin wanes, asif.eth sees the lack of aggressive selling as indicative of potential stability and stresses closely monitoring these levels. He welcomes the risk-to-reward ratio of buying Dogecoin now amidst broader market skepticism.

Quelle: www.newsbtc.com ↗

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