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Feb 24, 2026 upd. 5 Mar
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Analyst Predicts Bullish Reversal for Dogecoin Despite RSI Crash

2 min

Crypto analyst Cryptollica reported that the Dogecoin Relative Strength Index (RSI) has reached its lowest level since launch, indicating an oversold condition. This suggests a possible bottom for Dogecoin, with a potential bullish reversal on the horizon.

Key Highlights

  • The RSI hit its lowest level in 12 years, revealing a severe market anomaly for Dogecoin.
  • The current Dogecoin price compression resembles patterns seen before major expansions, hinting at a bullish reversal.
  • The RSI threshold of 34 marks an "absolute oscillator floor," weaker than during the 2015 bear market and 2020 COVID crash.
  • Selling pressure is reportedly exhausted, creating conditions for a potential rally.

Cryptollica's analysis shows potential Dogecoin price targets, with a midline target of $0.3 and a possible high of $1.3, suggesting a bullish trend between now and July.

DOGE Rebounding From Oversold Levels

  • Analyst Trader Tardigrade indicates Dogecoin is rebounding from the RSI oversold zone, with a potential rise to $0.12.
  • Despite selling pressure due to external factors like Trump tariffs, Dogecoin is forming a new base, similar to previous patterns leading to pumps.
  • A further rally to $0.4 is predicted by July, with potential corrections before possibly reaching $1 next year.

Currently, Dogecoin trades around $0.09116, up nearly 2% over the past 24 hours as per CoinMarketCap.