Dogecoin fell 5.35% in the last trading session, pushing its relative strength index to 25.63 — territory traders consider oversold. But the bounce that often follows such readings hasn't materialized. Instead, bearish momentum is building, and analysts tracking the charts see a high probability the token will drop to $0.06–$0.08 within two weeks.
Oversold, but Still Falling
The RSI reading of 25.63 sits well below the 30 threshold that typically signals an asset is oversold. In theory, that should attract buyers looking for a bargain. Dogecoin did briefly recover to $0.10, but the move fizzled. The overall trend remains bearish, and the token is now trading below key support levels.
The Bearish Case in the Charts
The MACD indicator is flashing a bearish signal, and aggressive selling pressure continues to dominate order books. Taken together, the technical picture suggests the path of least resistance is lower. Based on current momentum, there is a 75% probability that Dogecoin's price will fall into the $0.06–$0.08 range within the next 14 days.
A Brief Bounce, Then Nothing
That short-lived pop to $0.10 gave some traders hope of a recovery. But the bounce lacked follow-through, and selling resumed quickly. Without a catalyst — such as a major exchange listing, regulatory clarity, or a broader crypto rally — the token appears vulnerable to another leg down.
The next two weeks will be critical. If the $0.08 level fails to hold, the lower end of the projected range comes into play. Traders are watching to see whether the oversold condition eventually draws enough buying volume to break the pattern, or whether the bearish momentum pushes Dogecoin toward the $0.06 floor.
