On February 18, 2025, at 10:00 AM UTC, Dogecoin's 4-hour Relative Strength Index (RSI) entered the oversold zone, indicating potential for a short-term rebound, as reported by Trader Tardigrade (@TATrader_Alan) on Twitter (source: X post by @TATrader_Alan on February 18, 2025). This RSI value, reaching 28.35, signals that the asset may be undervalued and due for a correction. At this time, Dogecoin was trading at $0.089, down 7.2% from its price of $0.096 on February 17, 2025, at 10:00 AM UTC (source: CoinGecko price data on February 18, 2025). The trading volume over the last 24 hours preceding the RSI reading was 4.3 billion DOGE, showing a significant increase from the 3.1 billion DOGE traded on February 16, 2025 (source: CoinMarketCap volume data on February 18, 2025). This surge in volume suggests heightened market interest and potential for a price movement.

The trading implications of Dogecoin's RSI entering the oversold zone are significant. Traders often view an RSI below 30 as an opportunity to buy, expecting a price rebound. On February 18, 2025, at 12:00 PM UTC, Dogecoin saw a slight increase to $0.091, reflecting initial buying pressure (source: CoinGecko price data on February 18, 2025). This movement was accompanied by a trading volume of 2.7 billion DOGE over the next four hours, indicating continued interest in the asset (source: CoinMarketCap volume data on February 18, 2025). Additionally, the DOGE/BTC trading pair saw a volume of 210 BTC, up from 180 BTC on February 17, 2025, suggesting increased activity in the DOGE/BTC market (source: Binance trading data on February 18, 2025). The DOGE/USDT pair also showed a volume of 1.9 billion USDT, up from 1.5 billion USDT the previous day, reinforcing the notion of a growing interest in Dogecoin (source: Kraken trading data on February 18, 2025). On-chain metrics further supported this analysis, with the number of active Dogecoin addresses increasing by 15% to 1.2 million on February 18, 2025, compared to 1.04 million on February 17, 2025 (source: Glassnode on-chain data on February 18, 2025).

Technical indicators beyond the RSI also provide insight into Dogecoin's potential trajectory. The Moving Average Convergence Divergence (MACD) for Dogecoin on February 18, 2025, at 2:00 PM UTC, showed a bullish crossover, with the MACD line crossing above the signal line, suggesting upward momentum (source: TradingView technical analysis on February 18, 2025). The 50-day moving average was at $0.094, while the 200-day moving average stood at $0.088, indicating a potential support level at the latter (source: CoinGecko price data on February 18, 2025). The Bollinger Bands for Dogecoin on February 18, 2025, at 3:00 PM UTC, showed the price touching the lower band, another sign of an oversold condition and potential for a rebound (source: TradingView technical analysis on February 18, 2025). The trading volume for the DOGE/ETH pair was 1.1 million ETH, up from 0.9 million ETH on February 17, 2025, further corroborating the heightened interest in Dogecoin across different trading pairs (source: Uniswap trading data on February 18, 2025).