Dogecoin RSI Has Crashed To Lowest Level Since Launch, Analyst Predicts Next Target

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto analyst Cryptollica has revealed that the Dogecoin Relative Strength Index (RSI) has crashed to its lowest level since its launch. The analyst also predicted that this might mark the bottom for the foremost meme coin, with a bullish reversal on the horizon. Dogecoin RSI Hits All-Time Low Since Launch In an X post , Cryptollica stated that the Dogecoin RSI has hit its lowest level in 12 years and is completely oversold. The analyst noted that, after removing all social sentiment and meme narratives, DOGE’s 2-week chart shows one of the most “severe structural anomalies currently visible in the market.” Related Reading Ready For A 443% Dogecoin Move? The Meme Coin Just Touched A Historically Explosive Level 1 day ago Cryptollica’s chart also highlighted what marked the macro bottom for Dogecoin in previous cycles and how this may be the bottom for the meme coin in this cycle. The analyst noted that the DOGE price has now compressed to the exact structural baseline that precedes major macro expansions, suggesting a bullish reversal may be on the horizon. Source: Chart from Cryptollica on X The analyst mentioned that this appears to be the “absolute oscillator floor” as the Dogecoin RSI is at an all-time low. Cryptollica alluded to the underlying momentum indicator, noting that the 2-week RSI has hit the 34 threshold. He added that the current downward momentum is mathematically weaker than it was during the 2015 bear market and the 2020 COVID crash . Meanwhile, selling pressure is completely exhausted. In another X post , Cryptollica highlighted a channel from 2021 up until now. The analyst’s accompanying chart showed that Dogecoin could still rally to as high as $1.3, which is the top of the line. The midline target for the foremost meme coin is $0.3. The chart also suggested that DOGE could see a bullish reversal between now and July later this year. DOGE Bouncing From Oversold Level Crypto analyst Trader Tardigrade stated in an X post that Dogecoin has just bounced from the RSI oversold zone and is heading back to the top. His accompanying chart showed that DOGE could rebound to $0.12 as it bounces from this oversold zone. It is worth noting that the meme coin, however, continues to face selling pressure amid the crypto market sell-off due to the Trump tariffs . Related Reading Dogecoin RSI Has Crashed To Lowest Level Since Launch, Analyst Predicts Next Target Just now In another X post , Trader Tardigrade noted that Dogecoin has formed a second base on the weekly chart. A pump followed base 1, and he again expects another pump to follow base 2.  His accompanying chart showed that DOGE could first rally to $0.4 between now and July, then see a corrective move before it rallies to $1 by next year. At the time of writing, the Dogecoin price is trading at around $0.09116, up almost 2% in the last 24 hours, according to data from CoinMarketCap. DOGE trading at $0.09 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com