DoZicoin hints at further upside potential: ”Resets overbuy signal”

DoZicoin’s next target price is reportedly above $0.50, which is more likely if the historic price fractal fails to materialize.
Zicoin surged 208% in early November last year, before trading sideways in a tight range of $0.35 to $0.48 for the past four weeks.
Zico's price correction has broken out above the uptrend line, signalling a potential reversal to a downtrend. However, one analyst noted that key technical indicators and the March 2024 repeat rally are key indicators of the downtrend.
Based on the setup, Dow Jones could be entering another uptrend, said Trader, a cryptocurrency patterns analyst.
Tardigrade said that a strong overbought signal in Dogecoin’s daily RSI has reset despite the 16% drop this week.
The overbought condition on the Relative Strength Index (RSI) indicates that traders may be selling crypto assets, which could cause a short-term drop in value.
Last March, a strong uptrend was observed on the daily chart when the RSI eased from an overbought state to 50. Based on this chart, the analyst predicted that the price would reach 0.5% within the next few days.
Data from Santiment, a data analytics platform, also showed that Dozicoin's "average investment age"
The average age of crypto assets has fallen 31% in eight weeks, signaling that dormant coins are circulating.
In a post on X (formerly Twitter), the platform said in relation to the upward momentum, "The bull markets of 2017 and 2021 also saw average asset growth of 1.2%.
"It didn't stop until age started to 'rise' (get older) again."