NewsBTC
Jan 17, 2026
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Dogecoin RSI Enters Historical Oversold Levels, Signaling Potential Parabolic Rally

The Dogecoin Relative Strength Index (RSI) has reached oversold levels, suggesting potential for a significant rally reminiscent of the 2021 bull cycle.

Key Insights:

  • Crypto analyst Cryptollica notes that the DOGE RSI is at historical oversold levels, marking the fourth occurrence in 12 years.
  • Historically, such RSI drops have been seen as buying opportunities leading to substantial gains.
  • Dogecoin's price previously rose from $0.05 to an all-time high of $0.74 following similar patterns.
  • Cryptollica suggests a possible rally towards the $1 level if these conditions persist.

Dogecoin Chart

DOGE Accumulation Patterns:

  • A pattern similar to past DOGE/BTC cycles from 2014-2017 and 2021-2026 is noted, indicating a potential rise.
  • This pattern entails a volatility squeeze, often preceding significant capital movement from BTC to altcoins.

Analyst Bitcoinsensus suggests DOGE could reach $0.70 if market momentum persists. As of now, Dogecoin trades around $0.137.