RSI Support Signals Possible Rebound
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Key Points: DOGE trades near $0.27 with RSI support signaling another possible rebound attempt. Weekly Ichimoku cloud at $0.29–$0.30 defines critical resistance for bullish continuation. Long-term cycle patterns suggest potential upside if DOGE sustains support levels. Dogecoin trades near $0.27 after repeated false breakouts while RSI continues to respect an ascending support trendline. Each time RSI touched this level, DOGE rebounded strongly, with past rallies pushing the price from $0.20 to $0.30. Doge RSI Support | Source : X Currently, RSI is again testing the same support as price consolidates just below $0.28. A successful rebound could signal another attempt at reclaiming the $0.28–$0.30 resistance zone, although failure may weaken the bullish case. Ichimoku Cloud Defines a Key Resistance Zone On the weekly chart, DOGE is testing the upper Ichimoku cloud near $0.29, a historically important resistance level. In 2023, a breakout above the cloud led to a rapid rally from $0.07 to $0.70. Dogecoin weekly Ichimoku Analysis | Source : X Price has been consolidating between $0.23 and $0.29, with the cloud capping upside momentum. A breakout above $0.30 could open the path toward $0.34, but rejection risks a drop back to $0.23 support. Dogecoin Cycle analysis | Source : X Dogecoin Cycle analysis | Source : X Furthermore, analysts highlight broader cycle similarities to 2017 and 2021, when DOGE broke long-term downtrends before major rallies. If history repeats, the current 2025 cycle could push DOGE toward new highs, provided support remains intact. Market Activity Reflects Ongoing Pressure DOGE trades at $0.2652, showing a 3.66% daily decline and a 7.20% weekly drop. Hourly data also reflects mild losses, reinforcing short-term selling pressure. Futures and spot market activity show consistent participation, but weak momentum leaves DOGE vulnerable without a clear breakout. However, bullish structures such as RSI support and long-term…
Filed under: News - @ September 20, 2025 11:24 am