Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Dogecoin Price Prediction: RSI Hits Rare Low as DOGE Eyes Major Breakout

Dogecoin Price Prediction: RSI Hits Rare Low as DOGE Eyes Major Breakout

CryptoNewsNetCryptoNewsNet2026/06/21 19:21
By:CryptoNewsNet
Back to the list

Dogecoin Price Prediction: RSI Hits Rare Low as DOGE Eyes Major Breakout

  coinpaper.com 14 m
Dogecoin Price Prediction: RSI Hits Rare Low as DOGE Eyes Major Breakout image 0

Dogecoin is sitting near long-term support while two analysts point to patterns that appeared before past major rallies. If $DOGE holds this zone, fading momentum could turn into a new breakout setup.

Dogecoin Repeats Historic Pattern as Analyst Predicts Major Breakout

Dogecoin is approaching a long-term trendline that has coincided with major rallies in previous market cycles, according to analyst Trader Tardigrade. The chart highlights a recurring triangle pattern that appeared before significant $DOGE breakouts in both 2017 and 2020.

Dogecoin Price Prediction: RSI Hits Rare Low as DOGE Eyes Major Breakout image 1

$DOGE/USD Monthly Triangle Pattern. Source: Trader Tardigrade (@TATrader_Alan) on X.

The analysis focuses on the alignment between triangle apexes and a rising long-term support trendline. In previous cycles, Dogecoin surged shortly after price compressed into the apex of a similar formation, triggering powerful upside moves.

According to Trader Tardigrade, the current setup closely resembles those earlier structures. The chart shows $DOGE once again reaching the point where the triangle apex meets the ascending trendline, a location that previously marked the start of major rallies.

For now, the key question is whether history will repeat. A breakout from the current consolidation range would strengthen the bullish case, while a failure to hold the long-term trendline could delay any potential upside move.

Dogecoin Nears Historic RSI Low as Analyst Sees Rebound Setup

Dogecoin is trading near a long-term rising support trendline while its Relative Strength Index (RSI) sits at one of the lowest levels in the asset's history, according to analyst Cryptollica. The setup suggests market attention has faded, but historical structure remains intact.

Dogecoin Price Prediction: RSI Hits Rare Low as DOGE Eyes Major Breakout image 2

$DOGE/USD 2-Week Chart. Source: Cryptollica (@Cryptollica) on X.

The chart highlights $DOGE holding above a multi-year ascending trendline that has supported price action through several market cycles. At the same time, the RSI has fallen to an extreme low level, a condition that has previously appeared near major cycle bottoms.

According to Cryptollica, weak sentiment and declining interest often emerge before stronger market structures return. The analysis suggests that if Dogecoin continues to defend long-term support, the current period of low momentum could eventually give way to a larger recovery.

For now, traders are watching whether $DOGE can maintain its position above trendline support. A successful hold would reinforce the bullish outlook, while a breakdown could delay any potential upside move.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

After Toshiba reported news of HDD production expansion, Morgan Stanley turned more bullish rather than bearish.

Morgan Stanley’s research indicates that the market has seriously overestimated Toshiba’s expansion scale — the doubling of capacity at its Philippines plant over two years translates to an annualized growth rate of about 30%, which is similar to the overall industry supply growth rate and far lower than demand growth. More importantly, channel checks show that Seagate and Western Digital have no intention of following suit with capacity expansion, and there are no signs of loosening in industry pricing.

华尔街见闻•2026/10/06 08:42

Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0637 GMT - SK Innovation is likely to benefit from higher lubricant base oil prices, LS Securities analyst K.H. Chung says. The South Korean refiner is a global leader in premium lubricant base oils, producing about 80,000 barrels of Group III base oils a day, Chung writes in a note. She expects the supply shortage of lubricant base oils to persist for more than a year. Tight supply of kerosene and diesel and wider refining margins could also continue to boost the company's earnings, she adds. LS Securities upgrades the stock to buy from hold and raises its target price to 187,000 won from 126,000 won. Shares end 2.6% higher at 158,000 won. (kwanwoo.jun@wsj.com) 0113 GMT - YTL Power International could see upside from its expanding data-center and AI infrastructure, as well as renewed power-generation opportunities, says Hong Leong IB analyst Daniel Wong in a note. Its Kulai and Sedenak West hubs offer 2.4GW of potential data-center capacity, while its AI-GPU capacity could scale to 100MW or more and support a new services business. The procurement of seven gas turbines totaling 5.25GW also positions YTL for power-generation growth and supports its expanding data-center pipeline, he reckons. Higher water tariffs and planned treatment plants at its unit Ranhill Utilities should support earnings as Johor's water demand rises, he adds. Hong Leong raises its target price to 8.08 ringgit from 7.58 ringgit and keeps a buy rating. Shares are 1.4% higher at 5.62 ringgit. (yingxian.wong@wsj.com) The price fetched by Amplitude Energy for its natural gas in 1Q should improve on the prior three months, supporting growth in revenue. That's the view of Bell Potter analyst Stuart Howe, who points to higher gas volumes in the quarter. Also, spot natural gas prices recovered to a quarterly average of A$9.77 per gigajoule, from A$8.42 per gigajoule in 4Q of FY26. Amplitude is due to report its 1Q p

Dow Jones•2026/10/06 08:20