$DOGE $DOGE

DOGE

0.15334

-1.24%

๐Ÿ“Š Dogecoin Price Prediction โ€” Is This The Right Time To Buy DOGE? ๐Ÿ“Š

Dogecoin appears to be on the verge of an explosive rally, with a bullish divergence forming on the daily chart. While price has made a lower low, the Relative Strength Index (RSI) is printing a higher lowโ€”a classic signal of potential upward momentum.

However, sidelined investors need to exercise patience. DOGE failed to breach the multi-week descending trendline and is, therefore, still in a downtrend.

It wouldnโ€™t be a surprise if it forms a double bottom at $0.14 before kickstarting a bullish reversal.

Prominent analysts are still extremely bullish on the meme coin in the long term.

Dogecoin price prediction from popular trader Surf indicates that it is trading within an accumulation cylinder with a widening mouth. A rebound from the lower trendline could open the door to new all-time highs this year, potentially even pushing DOGE toward the $1 mark.