- Dogecoin’s bullish divergence suggested a potential uptrend, but market volatility remains a concern.
- TVL growth and technical indicators pointed out moderate potential, requiring more buying interest for a breakout.
Dogecoin [DOGE] has recently captured attention after signaling its first-ever bullish divergence on the RSI daily chart in 2025. This technical pattern highlighted that the cryptocurrency could be on the verge of a potential uptrend.
At press time, Dogecoin was trading at $0.2659, reflecting a 2.23% increase over the past 24 hours.
The big question is: will this bullish divergence lead to a sustained rally, or will market volatility prevent Dogecoin from breaking out?
Breaking through resistance – Can DOGE hold the momentum?
DOGE’s price was consolidating within a broad descending wedge pattern.
The memecoin is still below the breached demand zone. Although the bullish divergence on the RSI suggests potential upward movement, the breakout has not occurred yet.
If DOGE holds support at $0.25 and breaks through resistance, a significant rally could be on the horizon. Investors should monitor price action carefully to see if the breakout materializes.
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Author: Erastus Chami