Dogecoin Price Faces Pullback, But Analysts See Bullish Setup Brewing
Dogecoin(
$DOGE ), the original meme coin, has experienced a notable cooldown following its strong rally in July. After breaching the key $0.20 support, bears appear to have momentarily regained control. However, technical analysts suggest this correction may be short-lived ā and that another significant breakout could be just around the corner.
#Dogecoin Correction May Be Temporary, Analyst Says
Despite the recent dip, crypto analyst KrissPax believes that Dogecoin is far from entering a bearish long-term trend. Instead, the current price movement could be part of a healthy retest ā one that historically precedes major upside.
According to KrissPax, DOGE is currently forming a bullish structure as it retraces to a critical zone that has previously triggered strong rallies. A key indicator supporting this outlook is the 4-hour Relative Strength Index (RSI).
The #analyst highlights that Dogecoinās 4H RSI is expected to drop below 30, a level that often indicates extreme oversold conditions. The last time this happened ā back in June 2025 ā
#DOGE rallied more than 70% over the following month. Now, with similar RSI levels emerging, history may be on the verge of repeating itself.
Higher Lows Signal Potential For Higher Highs
While Dogecoinās RSI levels are flashing bullish signals again, the price context is notably stronger this time. In June, the RSI dip coincided with DOGE trading around $0.14. Currently, Dogecoin is holding above $0.20 ā indicating a higher low on the charts.
āHigher lows often precede higher highs,ā notes KrissPax, suggesting that this current structure could lead to a more aggressive breakout if momentum builds.