Below that price action are the oscillator and RSI panels, which are both showing descending lows, marked out as a bearish-looking momentum trend that has not translated into a matching collapse in price. That mismatch is what gives the divergence its bullish interpretation, and the outlook in this case is a bullish run to yearly highs.
The RSI has declined into the high 30s to low 40s range, a region shaded in pink on the chart, which aligns with levels seen during the accumulation phase of 2023 and early 2024 before Dogecoin’s major rally
