Dogecoin (DOGE) has shown signs of a possible upward turn as the Stock RSI moves closer to achieving the bullish crossover. The change in this movement could indicate a possible rebound.
Dogecoin stock RSI indicator nears crossover
According to Ali Charts analysis, In Oct. 2023, Dogecoin was priced at approximately $0.05, showing a marked increase in early 2024. By mid-2024, the price reached a peak of $0.14, an increase of about 187% from its previous low.
During the middle of 2024 Dogecoin prices shot up to $0.39 creating a serious 644.67% jump. Dogecoin reached its highest point after which its price plummeted to return to its $0.16 rating by March 2025. This drop indicates significant market retracement after the surge.
The oscillator indicator paints a volatility picture in late 2024 with fluctuations between valleys and peaks. When the price of Dogecoin started to decline in early 2025, the indicator also demonstrated a decline, suggesting diminished market activity.
The Stock RSI, a momentum indicator, shows that the Dogecoin has reached an oversold level. This may indicate a change in the direction of the market, which could mean the prices will turn around and begin to rise.
Technical indicators and current market insights
The MACD and RSI indicators on Dogecoin’s chart indicate a potential for a price surge in the coming days. Although the MACD is showing negative momentum with a line at -0.0013 and the signal at -0.0232, the stock RSI is nearing oversold territory with an RSI value of 33.97.
Generally, RSI when at this level may provide information that the asset may be oversold and due for a rebound. Specifically, as the Relative Strength Index (RSI) is reaching 30 levels, an upward movement is possible, and this can affect the prices further. It will open the door to the bullish pressure, which might push Dogecoin high in the short term.
With the current price at 0.1657, traders may anticipate a reversal if the RSI bounces back, creating upward momentum. According to CoinMarketCap data at the time of press, the Dogecoin (DOGE) price is currently $0.1662, showing a 0.65% increase over the past 24 hours.
The market cap stands at $24.67 billion, reflecting a slight 0.59% rise. Trading volume over the last 24 hours is $1.46 billion, which has dropped by 19.19%. The circulating supply of Dogecoin is 148.41 billion DOGE tokens, matching its total supply.
