Dogecoin RSI Returns To Pre-Launch Levels, Analyst Says Next Major Surge Is Close

Dogecoin’s latest two-week chart analysis suggests the cryptocurrency could be gearing up for a new explosive ￰0￱ to trader and market analyst Trader Tardigrade the Relative Strength Index (RSI) for Dogecoin has settled at levels similar to those seen before price rallies in the past two years or ￰1￱ technical observation is based on Dogecoin’s steady uptrend along a long-standing support line since 2023 and points to its price action currently being in a possible early stage of accumulation before another leg ￰2￱ Reading: Dogecoin Flashback: Mirror Move Hints At Record-Breaking Surge Dogecoin RSI Now Showing Pre-Breakout Signals The RSI is an indicator that has consistently aligned with Dogecoin’s strongest rallies in this ￰3￱ to the current 2-week candlestick setup shared by Trader Tardigrade

the RSI is currently trading stable within the same low range that has preceded Dogecoin’s previous upward rises since ￰4￱ of the three major RSI dips as shown on the price chart below has coincided with price retests of the red ascending ￰5￱ event is notable because the first two dips were followed by significant upward movements in the Dogecoin ￰6￱ now the present RSI position is at its third dip

and it can be inferred that the meme coin may once again be approaching a launch point similar to those that led to past price ￰7￱ long-term support trendline drawn from mid-2023 has acted as a reliable price base for Dogecoin’s recovery ￰8￱ action has tested this line multiple times without breaking below it and this has led to the creation of higher highs and higher ￰9￱ 2W Candlestick Price Chart.