Dogecoin RSI Breakout Signals Potential Bullish Reversal

2025-11-15 19:15

Dogecoin is exhibiting early signs of a bullish reversal as its Relative Strength Index (RSI) breaks a descending trendline near the $0.160 support level. This technical indicator suggests a reduction in bearish pressure, potentially paving the way for an upward movement towards the $0.170 resistance level. Additionally, on-chain data highlights a liquidity gap between $0.07 and $0.12, which could enable a quicker price increase due to minimal resistance in this range. Traders are closely monitoring these developments for potential short-term gains.

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