Hope

Bitcoin

Dogecoin

Coin

<ul class="news-points"> 
 <li>DOGE stalls at $0.06692 resistance and retreats to the $0.06309 support level.</li> 
 <li>SHIB’s price dip contrasts with soaring Shibarium adoption, with I million wallets in sight.</li> 
 <li>Oversold conditions in DOGE and SHIB signal a potential turnaround.</li> 
</ul> 
On August 31st, the US Securities and Exchange Commission (SEC) postponed approving spot <a href="https://twitter.com/EricBalchunas/status/1697328538670473484?s=20" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETFs</a>, prompting a negative trend in the cryptocurrency market. As a result, <a href="https://coinedition.com/tag/dogecoin-doge/" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a> followed suit, dropping from a 24-hour high of $0.06692 to an intraday low of $0.06309 before finding support. 
DOGE was trading at $0.06356 at press time, down 4.47 % from its intra-day high. Despite a decrease in market capitalization of 4.56% to $8.95 billion, the 24-hour trading volume of $217.09 million was up 20.29%. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
 <img decoding="async" width="698" height="543" src="https://coinedition.com/wp-content/uploads/2023/09/doge-1.png" alt="" class="wp-image-333255" srcset="https://coinedition.com/wp-content/uploads/2023/09/doge-1.png 698w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-300x233.png 300w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-225x175.png 225w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-380x296.png 380w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-504x392.png 504w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-90x70.png 90w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-114x89.png 114w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-184x143.png 184w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-572x445.png 572w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-318x247.png 318w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-309x240.png 309w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-212x165.png 212w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-271x211.png 271w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-238x185.png 238w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-104x81.png 104w, https://coinedition.com/wp-content/uploads/2023/09/doge-1-96x75.png 96w" sizes="(max-width: 698px) 100vw, 698px"> 
 <figcaption class="wp-element-caption"> DOGE/USD 24-hour price chart (source: <a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>) 
 </figcaption> 
 </figure> 
</div> 
A 24.07 reading on the stochastic RSI indicates that DOGE is oversold and ready for a possible comeback. This degree of oversold conditions indicates the selling pressure on DOGE is reaching exhaustion, which might result in a price reversal. Furthermore, the rise in trading volume implies increased interest and activity in DOGE, which might contribute to a potent… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/oversold-signals-spark-hope-for-doge-and-shib-amid-crypto-slump/">Oversold Signals Spark Hope for DOGE and SHIB Amid Crypto Slump</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Oversold Signals Spark Hope for DOGE and SHIB Amid Crypto Slump

Coin Edition

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