Dogecoin Maintains Support Above $0.18 Amid Bullish RSI Signals
Dogecoin (DOGE) remains resilient, maintaining support above $0.18 despite bearish market conditions.
The price dipped below $0.20, yet bullish speculation grows as DOGE approaches a critical RSI level on the 4-hour chart.
- Analyst KrissPax notes DOGE's RSI is nearing levels that triggered a 70% rally in June 2025.
- Past patterns suggest potential for DOGE to rise to $0.34.
Institutional Accumulation Fuels Optimism
Large investors have accumulated over 1 billion DOGE in 48 hours, indicating increased confidence and often leading to significant price movements.
- Analysts speculate September may see DOGE breaking resistance at $0.50.
- Long-term target set at $1 if bullish momentum continues.
- DOGE forms a bullish megaphone pattern, suggesting further upside.
- Current trading range of $0.15–$0.22 aligns with historical accumulation zones.
Can Dogecoin (DOGE) Beat Market Expectations in Q3?
- Meme coins have underperformed; however, DOGE's technical setup indicates potential for a breakout.
- Trader Tardigrade highlights two completed bottoms in a reversal pattern, signaling a possible third.
- CoinCodex predicts a 16% price increase by early September, targeting $0.24.
- Market sentiment is neutral with a Fear & Greed Index reading of 64 (greed).
If DOGE sustains support above $0.18 and follows historical RSI trends, it could deliver strong performance in Q3.