Dogecoin is Show strong motivation In the current weekly chart, just broken down from the accumulation of several months Strong upward impulse. Dogecoin has soared from $0.14 below $0.22 in the past few weeks alone. In the past 24 hours, the recent cryptocurrency market price action has brought Meme King Coin back above $0.24 and away Merge between scopes $0.21 and $0.235, closed its price action over the past week.
However, according to a broad indication, Dogecoin’s bullish move may just be the beginning.
Random RSI repeats 2024 signal before 243% breakout
Crypto analyst Trader Tardigrade has caused an interesting signal about Dogecoin’s weekly random RSI. go Posts on social media platforms X, Analysts noted that the current setup reflects the exact technical structure seen before Dogecoin prices, which exceeded 243% between November 2024 and December 1224.
The critical moment of the striking surge is the crossover of the random RSI line, which indicates the beginning of a sustained upward trend. The same crossover has just happened, and the line gradually curls, entering analyst Trader Tardigrade marks a strong uptrend area.
The accompanying chart shows that at the end of 2024, this precise RSI group is followed by vertical movement, from about $0.10 to $0.48 in six weeks. The visual analysis in the figure below marks the brown rectangle of the breakthrough zone, showing the same random RSI trigger and subsequent price rally in 2024. This is highlighted by the low cardinality, followed by an aggressive breakout, confirmed by bullish RSI momentum movement.
Dogecoin’s $0.75
Dogecoin trades slightly above $0.22 when analyzing and maintains steady weekly returns After a sharp rebound Monday, May 20, $0.215. Based on the $0.14 breakthrough structure since early April, this reaction is a key response to the growing support zone here.
If Dogecoin follows the same trajectory as in the last quarter of 2024, the price is levied 243% from the $0.22 price level Set the target to approach $0.75, effectively putting IT transactions within the new all-time highest price level.
Interestingly, Dogecoin has started early momentum above $0.22 over the past 12 hours. At the time of writing, Doge traded at $0.2425, up 7.6% over the past 24 hours. According to Trader Tardigrade’s forecast, if Dogecoin repeats its late 2024 breakthrough, our price trading will be around $0.75 sometime in late June. However, the first step is to surpass A strong resistance zone is $0.25.
Featured Images from Getty Images, TradingView.com Charts
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