Dogecoin RSI Near 50 as $0.20 Break Mean Say E Go Bullish
Dogecoin (DOGE) don reclaim the important $0.20 level after whale dem gather roughly 310 million tokens, with 24-hour volume reach $1.4 billion. The token show 2% gain for the last 24 hours, but e still dey 17% lower for the week, e dey trade between $0.19 and $0.20 as e dey consolidate. For the 4-hour chart, DOGE’s Relative Strength Index (RSI) dey come close to the important 50 level wey usually separate bearish and bullish momentum. If e hold above dis level, e fit confirm say e move enter bullish phase, but if e no gree, e fit make sideways trading continue. Technical setup for 1-hour chart show tight descending channels wey get break by strong bullish candle wey push DOGE pass $0.20. Market sentiment now mix: retail traders dey cautious, but Market Prophit’s model dey show say price fit go up soon. To make this rally strong, DOGE need hold above $0.20 and get RSI reading pass 50, wey mean selling pressure dey reduce and buyers dey show interest again.
Bullish
Dogecoin near-term outlook don turn bullish as e reclaim di $0.20 resistance and RSI wey dey close to 50 threshold dem don usually come before token price go up. Large holders don pack 310 million DOGE wey mean say strong buying interest dey, e dey usually connect to breakout later. Technical analysis dey show bullish channel breakout for 1-hour chart, e reminisce past tins like di June 2025 rally wey RSI cross pass 50 and price jump pass 10%. Even though crowd sentiment still dey cautious, algorithmic models like Market Prophit dey favor more gains if DOGE fit hold above $0.20 and keep RSI levels high. For short term, traders fit target next resistance near $0.22, but long-term gain go depend on bigger market trend and continual whale support.