Dogecoin RSI Breakout Shows Main Target, Why $1 Is Still Possible

Dogecoin is getting attention again after crypto analyst Shan Specter shared a new chart on ￰0￱ the post, Specter said Dogecoin is showing a green bullish dot on the daily chart, along with an RSI ￰1￱ described the move as “incredible” and said the coin looks ready to rise ￰2￱ chart shows that Dogecoin is now breaking past a level that had been holding it down for a ￰3￱ suggests that the primary focus is now on how the RSI has broken ￰4￱ analyst pointed out this change as a bullish indicator that Dogecoin could move higher in the short ￰5￱ daily candlestick chart shows a clean upward push from the lower support area, hinting that momentum is returning to the ￰6￱ Specter Identifies Dogecoin RSI Breakout In his X post, Shan Specter wrote, “Incredible!

Dogecoin is showing a green bullish dot on the daily chart with an RSI ￰7￱ main target is $0.40. Dogecoin is poised to go ￰8￱ in there, everyone.” Related Reading: Economist Explains The Reality Behind XRP Price Reaching $100,000, It Can’t Overtake Bitcoin The green bullish dot and RSI breakout together suggest the first strong signal of a possible new upward ￰9￱ the chart, the RSI line has broken through a key level, which usually happens before a price increase. Specter’s chart also highlights how Dogecoin’s price is forming a triangle shape, with the breakout arrow pointing upward toward the next price ￰10￱ sharing this analysis, Specter highlighted that the coin’s setup is improving and that it could soon test higher areas if the pattern ￰11￱ tone of his post was positive and encouraging, indicating that he believes the chart signals more room for ￰12￱ Targets Set At $0.40 And $1.00 In the same post, Specter listed two targets for the Dogecoin ￰13￱ first target is $0.40, which he marked as the primary goal for this current RSI ￰14￱ chart includes an arrow pointing toward that level, suggesting it is the next key point if the upward move ￰15￱ price area around $0.40 is shown in red on his chart, marking it as a critical resistance ￰16￱ Reading: Dogecoin 3rd Cycle Explosion: Analyst Revels The Only Difference From Last Two Cycles The second target is $1.00, which Specter suggests is still possible if the breakout gains more ￰17￱ chart shows a clear upward path that stretches beyond the first target toward the $1 ￰18￱ didn’t give a time frame for this move, but the setup remains intense and worth watching.

Specter’s post draws attention because it gives a direct view of Dogecoin’s current daily price ￰19￱ the RSI now breaking higher and both targets marked, the update suggests Dogecoin may be entering a more active phase ￰20￱ image created with Dall. E, chart from ￰21￱