This divergence shows that sellers are no longer pushing price lower with the same strength seen earlier in the downtrend. This development is notable because similar RSI behavior has often preceded relief rallies for Dogecoin when paired with strong structural support.
The reversal outlook is based on whether Dogecoin can reclaim and hold above $0.16. A confirmed move above it would validate the RSI divergence and double bottom, although it won’t be until Dogecoin is able to break above $0.31 that the real rally will begin.
Fractal Points To An Incoming ExpansionIn that prior instance, Dogecoin spent months grinding lower, formed a rounded basing structure, and then launched into a near-vertical move once momentum flipped. The current structure shows a similar rounded recovery attempt followed by a controlled pullback into long-term support.
