Dogecoin (DOGE) is showing signs of a potential major price rally, reminiscent of a previous 445% surge triggered by a bullish Relative Strength Index (RSI) cross. The RSI, a key momentum indicator, has again flashed a bullish signal on the monthly chart, suggesting a possible breakout. Analysts predict a price target of $0.65, representing a 161% increase from current levels, with some speculating DOGE could reach $1 in the coming months.
Historically, DOGE has experienced significant gains when the RSI line crosses above the Simple Moving Average (SMA) line, with past rallies of 302% and 445%. The current ascending triangle formation on the two-day chart supports a bullish outlook. Analysts also point to potential institutional interest and spot ETF approvals as factors that could drive DOGE's price higher, possibly surpassing its 2021 all-time high of $0.73.
Dogecoin's RSI Bullish Signal Sparks 445% Rally Speculation
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