Dogecoin Faces Potential Trend Reversal As RSI Divergence And Double Bottom Form Near $0.12
Dogecoin’s daily chart is showing a potential shift in trend as price compresses around long-term support near $0.12 while a clear bullish RSI divergence emerges. Technical analysis also highlights a developing double-bottom pattern within a descending channel, suggesting weakening bearish momentum and possible accumulation. With Dogecoin trading around $0.1221, reclaiming $0.16 and later $0.31 is seen as key for confirming a stronger upside move.