Dogecoin price analysis (Bullish) — 0.27 USDT (-1.75% 24h)

DOGEUSDT is currently trading at $0.2742, down 1.75% over the past 24 hours. The RSI reading of 28.48 indicates the asset is deeply oversold, typically suggesting a potential reversal zone. Trading volume remains robust at nearly $448 million, showing continued market interest despite the pullback. Price is trading slightly below both the 20-day SMA ($0.2803) and 50-day SMA ($0.2763), indicating short-term bearish pressure, though the narrow gap between moving averages suggests consolidation. The 4.8% volatility reading shows moderate price swings. Given the oversold conditions and strong volume, I’d recommend looking for long entries near current levels with tight stops below $0.27. Target a bounce toward the $0.285-0.29 resistance zone. Risk management is crucial given meme coin sensitivity to broader market sentiment.