Dogecoin's price trajectory is gaining significant attention as it rises, with its weekly Relative Strength Index (RSI) hitting 61.84 following a period of being overbought. Historically, such RSI retracement has often preceded substantial price hikes for DOGE, as observed during the cryptocurrency's previous cycles in 2017 and 2021. Experts are optimistic that the current market conditions signal another potential rally.
Additionally, whale activity is being closely monitored as a key contributor to the anticipated price movement. With the foundation of such technical indicators and the potential involvement of substantial traders, there is considerable speculation regarding Dogecoin's potential to achieve the $1 value milestone.
Source: www.thecoinrepublic.com ↗
