Dogecoin (DOGE) enthusiasts are anticipating a potential bullish move in the meme coin's price. Analysis of DOGE's weekly Relative Strength Index (RSI) suggests that significant price movements leading to new all-time highs could be on the horizon. The cooling off of the RSI, combined with historical trends, indicates that DOGE's price surges often follow RSI retracements. After a price crash in December, DOGE has already shown improvement, with a 3% uptick in the last 24 hours. Analysts expect the bullish trend to continue, with a target of $1 and possibly even higher projections, such as $37 within the next five months.
- Content Editor ( thecryptobasic.com )
- 2025-01-03
Dogecoin Weekly RSI Cools Off with Wave 2 of Cycle 3: Analyst Predicts Largest Moves Ahead