Dogecoin Dips to $0.174 as RSI Nears Oversold – Will Bulls Defend This Key Level?

Dogecoin has always been a wild ride for traders, and over the last few days, has behaved in a manner that has kept investors on edge. As of March 29, 2025, the meme coin has a price of $0.1745, after falling by -3.99% in the last 24 hrs, at press time. However, the TradingView chart for Dogecoin from the same day shows a 2.89% decline, with the prices declining to $0.17498, from the peak of $0.1861.

source:coinmarketcap

Technical Setup

In a recent tweet on X ( formerly known as twitter ) by Elon Mark, we may have some bottoming pattern around $0.1600. If we observe a bullish pattern, there is a measurement of 7x, which would find Dogecoin at $1.50. If we observe a bearish pattern, there is potential for a drop-off to $0.0250. The Dogecoin price was recently at $0.1800, after declining from a high that was near $0.6500. The Dogecoin chart implies that Dogecoin is at a critical time, with a support curve to which price may turn and reverse. There are many traders split on either a significant advancement up, or a continuation of downside price pressure.

source:X

Technical Indicators: Is a Reversal Being Signaled by the RSI and MACD？

The TradingView chart also offers important indicators. The RSI is at 42.89, and is also close to the oversold level at the 40 mark. This indicates that selling pressure could be running out, creating an opportunity for a bounce. First, the MACD is showing a bearish crossover: the MACD line is at -0.00886, and the signal line is below at -0.01088. This has been sufficiently established as downward momentum. The spread of the two lines is narrowing and would indicate a potential reversal if there is for any buying interest.

source:TradingView

Liquidation Heatmap: Wheres the Battle？

The liquidation heatmap on TradingView shows a lot of activity. High liquidation zones are around $0.17498, with short positions (red) outweighing the long positions (green), so the bears are in control here. Long positions are fairly thin, which suggests low bullish confidence. IF Dogecoin breaks below $0.174, then a big wave of liquidations could drive prices down towards $0.15.