The current dynamics of Dogecoin are showing patterns similar to previous cycles, with some elements deviating slightly. Last year, Dogecoin saw a threefold price increase after a consolidation phase. In early 2024, there was a breakout marked by the RSI surpassing the 50 level, confirming bullish momentum. The current consolidation phase suggests a potential retest of $0.34, with the RSI indicating a bullish divergence. Shorter timeframes are more reliable for analyzing current market dynamics and identifying actionable patterns. Examining early 2024 price movements and the RSI supports the possibility of a similar phase in the current cycle.



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