{"id":19781,"date":"2025-03-30T17:31:35","date_gmt":"2025-03-30T17:31:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19781"},"modified":"2025-03-30T17:31:35","modified_gmt":"2025-03-30T17:31:35","slug":"dogecoin-weekly-rsi-flashes-bullish-signal-towards-1","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19781","title":{"rendered":"Dogecoin Weekly RSI Flashes Bullish Signal Towards $1"},"content":{"rendered":"
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Dogecoin has been on a shaky path lately, entering March with a steep decline and only briefly reclaiming momentum before stumbling again. After starting the month in a downtrend, the meme coin managed to climb back to the $0.20 mark during the middle of the just-concluded week.\u00a0<\/p>\n

However, that recovery was short-lived. Dogecoin has since dropped<\/a> to around $0.17 in the past 24 hours, and there\u2019s the possibility that it could dip even further if selling pressure persists. Yet, despite the current pullback, a technical signal that has previously preceded major rallies this cycle is taking shape on the weekly candlestick chart.<\/p>\n

Weekly RSI Alignment With Candlestick Pattern Mirrors Past Bullish Breakouts<\/b><\/h2>\n

Dogecoin\u2019s Relative Strength Index (RSI) indicator has been on a crazy downtrend <\/a>for months across multiple timeframes. Taking to social media platform X, crypto analyst Trader Tardigrade highlighted an interesting<\/a> phenomenon with the RSI indicator on Dogecoin\u2019s weekly candlestick chart. The analysis was made on Dogecoin\u2019s weekly candlestick timeframe and looks at the meme coin\u2019s price action since September 2023.<\/p>\n

Particularly, the analyst noted that the weekly RSI \u201csuggests a strong potential rebound from the current level,\u201d before confidently adding, \u201c$Doge: $1 on the way.\u201d<\/p>\n

<\/p>\n

What makes this more than just another prediction is the technical confluence forming on the weekly candlestick chart. Over the past two weeks, Dogecoin has printed both a Dogi and an inverted hammer on the weekly timeframe; patterns that, combined with a declining RSI, have marked the beginning of powerful rallies this cycle.\u00a0<\/p>\n

This same combination has only occurred twice before since September 2023. The first was in October 2023, when Dogecoin surged from $0.07 to $0.22 by March 2024. The second instance came in September 2024, preceding a move from $0.10 to $0.48 by December. Now trading at $0.17, the current setup has again lined up in familiar fashion, and a similar rally might finally take Dogecoin beyond the coveted $1 price level.<\/a><\/p>\n

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Short-Term Divergence Strengthens Hopes Of Recovery<\/b><\/h2>\n

In a follow-up post, Trader Tardigrade also pointed to bullish divergence forming<\/a> on Dogecoin\u2019s hourly chart. \u201cDogecoin is finding its bottom whilst RSI signals Bullish Divergence on hourly chart,\u201d he wrote, adding that the coin may soon experience a short-term relief from the downtrend.\u00a0<\/p>\n

This divergence indicates that momentum is gradually turning despite continued price weakness<\/a>. The divergence on the hourly candlestick chart is a short-term signal. Although short-term signals alone are not enough to guarantee a long-term rally, they can serve as the first confirmation that a bottom is forming.<\/p>\n

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For Dogecoin\u2019s price, this could mean a bounce from the $0.17 level if it manages to hold and a reset of the price movement heading into April. However, a failure to maintain this level due to a lack of bullish momentum on the broader market may invalidate the short-term optimism<\/a> and place Dogecoin below $0.17 at the beginning of April.\u00a0<\/p>\n

Featured image from Gemini Imagen, chart from TradingView <\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Dogecoin has been on a shaky path lately, entering March with a steep decline and only briefly reclaiming momentum before stumbling again. After starting the month in a downtrend, the meme coin managed to climb back to the $0.20 mark during the middle of the just-concluded week.\u00a0 However, that recovery was short-lived. Dogecoin has since […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19781","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19781"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19781\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}