Dogecoin Price Prediction: RSI Flashing Explosive Move Next – Biggest Rally Coming?

Key Points

1. The 4-hour RSI for DOGE has breached oversold territory, a pattern that previously led to a 70% rally in June, suggesting a similar or larger move could occur.

2. Whales have accumulated over 1 billion DOGE in the past 24 hours, indicating strong buying interest at current price levels.

3. Technical analysis shows a falling wedge breakout on the DOGE/USDT 4-hour chart, with potential for a 24% gain to $0.25 and further upside to $0.2875 if momentum holds.

4. External catalysts like potential U.S. Fed rate cuts and the upcoming spot DOGE ETF decision deadline in October could drive renewed inflows into DOGE.

5. Bloomberg reports a 90% chance of DOGE ETF approval, which could further boost investor sentiment and price action.