Monday, January 19

Content Writer

Harvey Hunter

Content Writer

Harvey Hunter

Part of the Team Since

Apr 2024

About Author

Harvey Hunter is a Content Writer at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

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The weekly RSI has entered oversold conditions for the fourth time ever, and each time prior has marked a cycle bottom for Dogecoin price predicition.

While near-oversold readings around 40 often coincide with mid-term trend shifts, true oversold conditions around 30 have only ever preceded the meme coin’s most aggressive parabolic moves.

Historical precedent says it could be the start of this cycle’s bullish phase, and an opportunity pseudonymous X analyst Cryptollica has labelled “life-changing” for those who position early.

DOGE USD 1-week chart, oversold RSI. Source: X, @Cryptollica.

Market behavior also reads similarly. Adding to the narrative in a separate X post, Cryptollica noted the DOGE/BTC pair mirrors similar accumulation patterns to those in 2014-2017.

Rather than signaling structural weakness, the prolonged bleed against Bitcoin since 2021 may reflect energy compression. Cryptollica frames it as a loading fractal, not “death.”

With DOGE entering the final stage of a multi-year compression against Bitcoin, an oversold weekly RSI may be signaling an imminent volatility squeeze, one that has historically preceded major capital rotation from BTC into altcoins.

Dogecoin Price Prediction: How High Could DOGE Go This Time?

This potential shift comes as Dogecon tests the lower boundary of a year-long descending wedge pattern as a launchpad.

DOGE USD 1-week chart, falling wedge pattern. Source: TradingView.

Momentum indicators show a potential shift. The RSI is forming a potential higher low after its oversold encounter, as bullish strength builds beneath the surface.

With the MACD closing in on a potential golden cross, strength could soon become a full-fledged uptrend that puts a breakout push in focus.

The resistance that has marked local tops throughout the pattern at $0.28 marks the key breakout threshold. If flipped to support, it higher and firmer footing for a sustained push.

Filly realised the pattern eyes a 520% push into new price discovery, targeting $0.80, with potential interim psychological resistance around all-time highs at $0.48.

Maxi Doge: DOGE Could Set Up a Bigger Play

When capital rotates from Bitcoin into altcoins, momentum almost always circles back to one thing: Doge.

The pattern is well established. Dogecoin sparked the movement, Shiba Inu amplified it in 2021, followed by Floki, Bonk, Dogwifhat, and Neiro. Every bull cycle eventually delivers a Doge-thened runner.

This cycle, attention is turning toward Maxi Doge ($MAXI). The project channels early Dogecoin energy with a community centered on shared alpha, trading insights, and competitive engagement.

Participation is at its core. Weekly Maxi Ripped and Maxi Pump competitions reward top performers with leaderboard recognition, incentives, and bragging rights.

The hype is already showing in the numbers. The $MAXI presale has raised almost $4.5 million, while early backers are earning up to 69% APY through staking rewards.

For traders who missed previous Doge-driven runs, Maxi Doge could offer another early entry before meme coin momentum moves back into the spotlight.

Visit the Official Maxi Doge Website Here



https://cryptonews.com/news/dogecoin-price-prediction-oversold-signal-flashes-for-only-the-4th-time-ever-what-followed-last-time-was-insane/

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