Dogecoin Price Flashes Bullish Signals—Is $1 Still on the Table?
The post Dogecoin Price Flashes Bullish Signals—Is $1 Still on the Table? appeared on BitcoinEthereumNews.com.
Dogecoin price is back in focus after a series of bullish signals emerged from technical charts and social media traders. With RSI indicators flashing potential recovery and historical trendlines holding, traders are again asking: is $1 still possible? The price traded near a descending red trendline that has repeatedly served as both resistance and support. According to charts from trader Master Kenobi, DOGE’s structure now tests that same trendline again—mirroring its Sept. 2024 bounce. The analyst noted two levels of support: the red descending line and a static yellow horizontal level at $0.0900. RSI Points to a Potential Rebound Zone On March 28, trader Tardigrade flagged the DOGE weekly relative strength index (RSI) as a potential bottoming signal. “DOGE: $1 on the way,” he posted, citing strength in momentum indicators. DOGE/USD 1-week chart. Source: Tardigrade/X FISHER provided a broader technical view, citing DOGE’s RSI at 79.31, MACD crossover, and KDJ reading at 85.94—each historically bullish, though RSI levels remain overbought. He wrote, arguing the momentum still favors buyers, “Technical indicators are screaming bullish.” Source: Fisher/X Bollinger Bands also showed the price hugging the upper range, suggesting a strong uptrend remains intact—at least for now. Will Dogecoin Price Repeat Its 2024 Breakout or Crash Below $0.09? Dogecoin price action currently hovers near a red descending trendline—an area that acted as support during the Sept. 2024 rebound. Analyst Master Kenobi highlighted two key support zones: the red trendline and a horizontal level at $0.0900. DOGE/USD 1-day chart. Source: Master Kenobi/X Kenobi noted, suggesting DOGE may remain oversold without a stronger reversal, “The Master Indicator is still at the bottom.” Still, if bulls defend the trendline, DOGE could target the $0.1100–$0.1200 zone, flipping short-term sentiment. Source: Crypto Elites/X Bullish narratives continue to gain traction on social media. CryptoELlTES called for a rally to…
Filed under: News - @ March 30, 2025 3:10 pm