Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Dogecoin Sights Rebound As RSI Hits Oversold Levels Near $0.3563

Dogecoin is approaching a critical juncture as it hovers near the $0.3563 mark, with the Relative Strength Index (RSI), signaling oversold conditions. This suggests that the recent sell-off may have pushed the asset into undervalued territory, raising the possibility of a rebound. However, whether the bulls can seize this opportunity to drive a recovery remains uncertain. With the market showing signs of fatigue, $0.3563 emerges as a pivotal level to watch. How the price reacts in the coming sessions could set the tone for Dogecoin’s next significant move. Understanding Current Price Action And The Overbought RSI Signal Current price action reveals that Dogecoin, despite trading below the 100-day Simple Moving Average (SMA), is showing promising signs of bullish momentum. The meme coin has briefly regained strength, hinting at a possible upward trajectory as it seeks to challenge overhead resistance levels. Significantly, this movement suggests that buyer interest is gradually increasing, which could lay the groundwork for a sustained recovery if key levels are breached. While the 100-day SMA often acts as a significant hurdle in bearish markets, DOGE’s resilience at this juncture indicates that bulls are making an effort to reclaim control. The evolving price structure underscores the importance of maintaining momentum to confirm a bullish breakout, with the next steps likely influenced by market sentiment and broader trading dynamics. Related Reading: Ex-Hedge Fund Guru Bets Big On Dogecoin As ‘Core Crypto Bet’ DOGE’s Relative Strength Index (RSI) is currently hovering at 30%, which indicates a firm position within the oversold zone. This technical indicator suggests that Dogecoin may have experienced significant selling pressure, pushing its price to undervalued levels. An RSI reading at or below 30% typically offers an opportunity for buyers to re-enter the market and initiate a rebound. Although this does not guarantee an immediate recovery, it highlights the potential for a reversal in the coming sessions, especially if other bullish signals align. Traders are closely watching whether the RSI will rise soon, as this could signal strengthening momentum and a shift in sentiment. Combined with price action near key support levels, the RSI’s positioning might be crucial in shaping Dogecoin’s next moves. A Rebound Or Continued Rally For Dogecoin? DOGE’s current price action presents two key scenarios to consider: a potential rebound or the continuation of its rally. Given the oversold signal from the RSI near $0.3563, a rebound is possible if the bulls step in and drive the price higher, capitalizing on the undervalued conditions. A successful recovery could see DOGE challenge previous resistance points, such as $0.4484, and restore its upward pressure. Related Reading: Dogecoin (DOGE) Rally on Hold: Can Momentum Kick Back In? On the other hand, if the bearish pressure persists, the cryptocurrency could struggle to regain bullish control, leading to further declines toward $0.1800. The next few trading sessions will be crucial in determining which path Dogecoin will take, with support and resistance levels playing key roles in shaping its direction. Featured image from Unsplash, chart from Tradingview.com The Defiant

---

These 6 Undervalued Coins Are Your Best Shot at Turning $500 into $500,000 This Altcoin Season

The post These 6 Undervalued Coins Are Your Best Shot at Turning $500 into $500,000 This Altcoin Season appeared first on Coinpedia Fintech News In the current cryptocurrency landscape, smart investors are always in search of undervalued altcoins which can give them an unreasonably good return. During altcoin season there are a few tokens you can strategically invest in, and the right investments of $500 can turn into $500,000. RXS Set for Explosive Growth: Presale Raises $27M with Projections of $36 by Mid-January Due to this focus on Real World Assets (RWA), RXS is certainly creating a buzz in the cryptocurrency world. Currently, RXS is in its presale phase and is trading at $0.150 with the potential to reach $36 by mid January. Its strong fundamentals and the growing interest in tokenizing real world assets, support this remarkable potential for growth. Over $27 million has now been raised in the presale with 343 million tokens sold out of a total supply of 380 million. After listing on CoinMarketCap and CoinGecko, and with an audit by Certik, RXS has built credibility in a crowded market. RXS has analysts bullish about it, believing it will outperform many altcoins this coming season. With its momentum picking up pace very fast, and with everyone waiting for its launch, it might actually be a smart move to allocate 80 percent of your $500 portfolio to RXS. Milestone Alert! Rexas Finance has successfully raised $27.8 Million! Thank you for your support! Buy Now: https://t.co/tNJAsvAL8G #rexas $RXS #RexasFinance #crypto pic.twitter.com/xDAJFloQOq — Rexas Finance (@rexasfinance) December 12, 2024 ARB: The Layer 2 Contender With a 68% increase over the past month, ARB, which is currently trading around $1.40, has been anything but stagnant recently. With Ethereum ultimately set to rally towards new all time highs, ARB has the opportunity to ride this momentum. There is a lot of optimism among analysts regarding the ability for ARB to break through resistance levels, and some predictors are forecasting that ARB could rise to $1.60 and $2.20 immediately. L2 SEASON INBOUND? As Ethereum gears up for its rally to new all time high’s, L2’s are getting ready.. $ARB is trying to reverse with an inside bar breakout, if it can we will see $1.60 next, and then $2.20… Patience Pays pic.twitter.com/nk9QaHgyh0 — CRYPTOWZRD (@cryptoWZRD_) December 11, 2024 The buzz around such upcoming layer 2 solutions as ARB is palpable for they help to scale the Ethereum network and lower transaction fees. As Ethereum continues to evolve, ARB is not just a speculative investment but a practical one too, this being due to the existence of the more profound proof of stake features, that many people would want to take advantage of. Mantle: A DeFi Powerhouse Mantle prices are also rising; up 62% in the last month to $1.26, another altcoin that has caught investors’ eye. Analysts say mantle is one of the most underrated ecosystems in decentralized finance (DeFi). The robust fundamentals and an innovative approach make it their favourite ingredients to see it as one of the top layer 2 tokens to watch out for 2024. I`ve never seen a DeFi ecosystem as good as Mantle`s. I`ve already mentioned the reward station program, but recently, they have introduced a new one Stake $MNT in flexible or fixed period, and watch your $ENA reward grow (worth $4.2M) – Visit: https://t.co/bdvBrB3PCn -… pic.twitter.com/moUx2OYwmL — Faycy (@Faycytw) December 11, 2024 If DeFi stays its course and siphons investors from traditional finance, Mantle’s unique play could be very explosive. On top of this, Mantle’s underlying technology and community support lend further confidence of its imminent performance. Kaspa (KAS) Poised for 10x Growth: A Hidden Gem in the Altcoin Market At the time of writing, Kaspa is trading in the region of $0.1635, up about 17.46% over the last 30 days. While it’s far less known than some of its counterparts, analysts believe Kaspa will soar, and can even see a tenfold increase in price as soon as it begins to rally. $KAS when it starts running is gonna do a straight 10X Kaspa is the one to watch! pic.twitter.com/r6KFDGiZZa — Bruiser (@bruiserscalls) December 12, 2024 This is reason enough for Kaspa to be included in any of your investor portfolios. Its growing community and distinctive technology make it likely that it will soon play a bigger part in the altcoin world. Algorand (ALGO) Eyes $1: A Stable Yet High-Growth Option for Blockchain Innovators ALGO at $0.42, analysts believe the coin’s price will hit $1 soon. Algorand is one of the more mature cryptocurrencies in the market with stable growth potential. It has a focus on scalability and transaction speed making it a great option for developers that want to develop decentralized applications. Algorand is appealing for investors looking for a balanced risk reward and more investors also to invest as it is very innovative within the blockchain space. Sei (SEI) Set for Breakout: A Strategic Buy as Price Consolidates Near Key Support Levels Another altcoin worth considering is Sei, now trading around $0.60. Sei’s price likely just completed a wave pattern with relevant support level pivots between $0.54 and $0.39, analysts say. Sei’s journey along these price levels provides an opportunity for investors who can recognize entry points along potential dips. $SEI : The price is likely working on a wave-(B). Relevant support is between $0.54 and $0.39. pic.twitter.com/3PmY2HRskf — Man of Bitcoin (@Manofbitcoin) December 11, 2024 Sei’s market dynamics show that as conditions improve for the broader markets, Sei could be gearing up for a breakout as part of the altcoin season. Conclusion: Seizing the Opportunity With the sidling of what a lot of the market thinks will be an explosive altcoin season, selecting undervalued coins like RXS can be essential to optimising investment returns. RXS has performed well in its presale and is anchored in real-world assets making it the prime choice for those who wish to convert a minimum investment into an exorbitant sum of money. While coins such as ARB, Mantle, Kaspa, Algorand, and Sei also provide a strong case to invest in, it may be that RXS is best positioned to lead the pack of the upcoming market cycle. If you’re strategic about allocating your portfolio and pay special attention to RXS, chances are you will be in a great spot to take advantage of those coming opportunities in the ever-changing world of cryptocurrency. Website: https://rexas.com Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance The Defiant