The post DOGE Drops 7% Weekly, But RSI Points to a Promising Reversal appeared on BitcoinEthereumNews.com. Key Insights Dogecoin consolidated near $0.22 after a volatile week, with daily volume reaching $3 billion. Weekly RSI forms rounded bottom, historically signaling rallies when momentum builds from cooling phases. Analysts note DOGE mirrors past structure before a +380% surge, fueling speculation about another rally. DOGE Drops 7% Weekly, But RSI Points to a Promising Reversal Dogecoin (DOGE) is trading at $0.23, with a 24-hour gain of 4%. Over the last week, the token has declined by 1%, showing mixed movement after a volatile trading period. Daily trading volume reached $3 billion, reflecting strong market activity despite the recent pullback. DOGE continues to consolidate after failing to break above higher resistance levels. Price action shows the token stabilizing near the $0.22 zone, which has become a short-term area of interest for traders watching for the next decisive move. A chart shared by Trader Tardigrade suggests the weekly Relative Strength Index (RSI) may be pointing toward a possible reversal. The RSI has formed a rounded bottom, marked by colored points on a dotted curve. This shape indicates momentum has been gradually improving after a cooling phase. In the past, each time the RSI rebounded from similar levels, Dogecoin experienced rallies. Trader Tardigrade commented that “#Dogecoin weekly RSI looks promising,” while pointing to an arrow projection showing potential price expansion beyond current levels. Familiar Price Structure Resurfaces Analyst Kamran Asghar compared Dogecoin’s current structure to a period before a +380% surge in late 2024. The chart shows DOGE in a tight consolidation range, marked by a circle around the $0.21–$0.22 level. The similarity with the earlier accumulation phase raises questions about whether another rally could develop. The projection box on the right side of the chart highlights a potential upward expansion, though the gain is left uncertain. Kamran Asghar stated, “The chart… The post DOGE Drops 7% Weekly, But RSI Points to a Promising Reversal appeared on BitcoinEthereumNews.com. Key Insights Dogecoin consolidated near $0.22 after a volatile week, with daily volume reaching $3 billion. Weekly RSI forms rounded bottom, historically signaling rallies when momentum builds from cooling phases. Analysts note DOGE mirrors past structure before a +380% surge, fueling speculation about another rally. DOGE Drops 7% Weekly, But RSI Points to a Promising Reversal Dogecoin (DOGE) is trading at $0.23, with a 24-hour gain of 4%. Over the last week, the token has declined by 1%, showing mixed movement after a volatile trading period. Daily trading volume reached $3 billion, reflecting strong market activity despite the recent pullback. DOGE continues to consolidate after failing to break above higher resistance levels. Price action shows the token stabilizing near the $0.22 zone, which has become a short-term area of interest for traders watching for the next decisive move. A chart shared by Trader Tardigrade suggests the weekly Relative Strength Index (RSI) may be pointing toward a possible reversal. The RSI has formed a rounded bottom, marked by colored points on a dotted curve. This shape indicates momentum has been gradually improving after a cooling phase. In the past, each time the RSI rebounded from similar levels, Dogecoin experienced rallies. Trader Tardigrade commented that “#Dogecoin weekly RSI looks promising,” while pointing to an arrow projection showing potential price expansion beyond current levels. Familiar Price Structure Resurfaces Analyst Kamran Asghar compared Dogecoin’s current structure to a period before a +380% surge in late 2024. The chart shows DOGE in a tight consolidation range, marked by a circle around the $0.21–$0.22 level. The similarity with the earlier accumulation phase raises questions about whether another rally could develop. The projection box on the right side of the chart highlights a potential upward expansion, though the gain is left uncertain. Kamran Asghar stated, “The chart…