Dogecoin ticket is help in focal point after a series of bullish signals emerged from technical charts and social media merchants.
With RSI indicators flashing possible restoration and historical trendlines holding, merchants are all all over again asking: is $1 still possible?
The value traded near a descending red trendline that has many instances served as each resistance and red meat up.
Basically based fully on charts from trader Master Kenobi, DOGE’s construction now tests that identical trendline all all over again—mirroring its Sept. 2024 leap.
The analyst well-liked two stages of red meat up: the red descending line and a static yellow horizontal stage at $0.0900.
RSI Points to a Seemingly Rebound Zone
On March 28, trader Tardigrade flagged the DOGE weekly relative energy index (RSI) as a possible bottoming signal. “DOGE: $1 on the model,” he posted, citing energy in momentum indicators.
FISHER supplied a broader technical gaze, citing DOGE’s RSI at seventy 9.31, MACD crossover, and KDJ reading at 85.94—each historically bullish, though RSI stages stay overbought. He wrote, arguing the momentum still favors investors,
“Technical indicators are screaming bullish.”
Bollinger Bands also confirmed the associated fee hugging the larger fluctuate, suggesting a grand uptrend remains intact—now not decrease than for now.
Will Dogecoin Imprint Repeat Its 2024 Breakout or Shatter Under $0.09?
Dogecoin ticket action presently hovers near a red descending trendline—an house that acted as red meat up all during the Sept. 2024 rebound.
Analyst Master Kenobi highlighted two key red meat up zones: the red trendline and a horizontal stage at $0.0900.
Kenobi well-liked, suggesting DOGE could perchance also stay oversold with out a stronger reversal,
“The Master Indicator is still on the bottom.”
Level-headed, if bulls defend the trendline, DOGE could perchance also target the $0.1100–$0.1200 zone, flipping temporary sentiment.
Bullish narratives proceed to get traction on social media. CryptoELlTES called for a rally to $5, claiming DOGE is mimicking earlier cycles.
“Right here’s DOGE’s flip,” they posted, referencing Bitcoin’s restoration from $15,000 and linking it to Dogecoin’s fresh setup.
On-chain metrics articulate consistent utter, supporting the memoir. Analyst Ali reported that Dogecoin processed 41,132 transactions over 24 hours, with an practical fee of 0.534 DOGE—equal to approximately $3,900.
DOGE’s next circulation will seemingly count on whether the red trendline acts as a launchpad or a trapdoor.
DOGE Must Abet Toughen or Threat Reversal
If Dogecoin ticket holds above $0.0900, merchants inquire of a push against the $0.1100–$0.1200 zone.
Failure to total so, nonetheless, could perchance also earn 22 situation off deeper downside strikes and reset market momentum fully.
As Master Kenobi said in his post, breaking below each red meat up stages would counsel it’s “survey you one other time” for the fresh rally.
