Dogecoin is showing potential signs of recovery as it enters oversold territory, with technical indicators suggesting a stabilization in selling pressure. The Relative Strength Index (RSI) has moved into oversold conditions, indicating a possible local bottom for the memecoin. Historically, such RSI resets have preceded periods of consolidation, hinting at a potential pause in the downward trend. On the four-hour chart, a bull flag pattern has emerged, suggesting a consolidation phase rather than a breakdown. This pattern, coupled with a bullish crossover in the Moving Average Convergence Divergence (MACD) indicator, points to early improvements in momentum. Analysts note that a breakout above the current consolidation range could target the $0.12 region, provided it is supported by increased trading volume. Long-term support zones are attracting buyers, with Dogecoin tapping into areas that have historically triggered reactions in past cycles. Analysts emphasize the importance of these support levels, as they have previously served as bases for broader market advances. However, they caution that these signals require confirmation from longer timeframes to ensure stability.