- Dogecoin’s RSI hitting 50 signals a bullish pattern, hinting at potential rallies near $1.
- Key resistance at 50-day MA must break for DOGE to target $0.21, $0.25, up to $0.45.
- DOGE trades near $0.19, stuck between $0.18-$0.19, awaiting a breakout above 50 EMA or breakdown below $0.18.
Dogecoin (DOGE) price appears poised for a significant upward move, according to analysts tracking its repeating price patterns and momentum indicators. Current technical setups hint that DOGE could revisit the $1 milestone, driven by recent Relative Strength Index (RSI) positioning, fractal symmetry, and key moving averages.
The 3-day RSI for Dogecoin has recently returned to the 50 level, a threshold it reached before previous price rallies. Analyst Trader Tardigrade highlighted that past DOGE rallies consistently occurred when the RSI hovered around this mid-range. This recurring pattern has been visible across many months, suggesting its reliability.
A recent tweet from Trader Tardigrade signals a possible bullish reversal for Dogecoin. The coin is retesting its earlier swing low, while the RSI forms a higher low, indicating a bullish divergence. This divergence signals waning bearish momentum, suggesting sellers are losing control.
Monitoring Breakouts for Dogecoin’s Next Move
Over the last two months, Dogecoin has consistently found support near the $0.185 level, with a recent noticeable bounce from this floor. However, the 50-day moving average (MA 50) currently acts as resistance, capping price gains. Analyst Jonathan Carter emphasized that a decisive move above MA 50 could shift the trend positively.
If DOGE breaks above the 50-day moving average, several targets come into $0.21, $0.25, $0.31, $0.36, and $0.45. These targets align with historical resistance zones and volume clusters seen on the daily charts. A sustained move past $0.25 could open a path toward $0.45, and eventually refocus attention on the $1 level.
Supporting the bullish outlook, a recent analysis noted Dogecoin exiting Base 3 of a parabolic structure, with Base 4 above $1 as the next target. Analysts also mention key liquidity around $0.187 and highlighted targets between $0.313 and $0.3597. A breakout past these could trigger momentum toward $0.40 and beyond.
The Dogecoin price is still close to $0.19, indicating that there is a status in the market as it is locked within a tight band from $0.18 to $0.19. The coin is a bit above the 100-day exponential moving average (EMA) which indicates a slow pace of a trend and the process to make the gains permanent. By moving sideways, the market situation is telling us there is either accumulation or no clear trend yet.
Without a breakout or surge in volume, DOGE’s current holding pattern could continue, with mild downside risks in the short term. Traders should monitor for a decisive break above the 50 EMA or a breakdown below $0.18 to confirm the next directional move amid broader crypto market uncertainty.
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