Dogecoin is currently retesting a crucial ascending trendline support near the $0.230 mark, a level that has historically triggered significant price rebounds for the meme cryptocurrency. Technical indicators suggest growing potential for an upward reversal despite recent bearish pressure.
The Relative Strength Index (RSI) reveals a hidden bullish divergence pattern, with Dogecoin’s price forming higher lows while the RSI registers lower lows. This signals diminishing selling momentum and often precedes trend reversals. Currently hovering near oversold territory between 30-40, the RSI’s upward curve further supports the likelihood of a near-term price recovery.
Should this bullish technical setup materialize, Dogecoin could challenge the $0.270–$0.290 resistance zone, an area that previously capped upward movements. This would represent approximately a 20% advance from current support levels.
Market analysts caution that failure to hold the $0.230 support could trigger downside momentum toward the $0.210 level, indicating a bearish shift. Traders are closely monitoring price action at these critical technical thresholds to confirm direction. The hidden RSI divergence remains the most compelling argument for a potential bullish turnaround.