Dogecoin Price Prediction: RSI Signals Explosive Rally Ahead – Is This the Big One?
Dogecoin's RSI is flashing bullish signals—could this meme coin be gearing up for its most explosive move yet?
Technical indicators suggest DOGE is primed for a major breakout. The Relative Strength Index (RSI) has entered a historically bullish zone, sparking speculation of a parabolic rally.
Market watchers are divided: Is this another pump destined to dump, or the real deal? With crypto's favorite shiba inu token, you never know—but the charts don't lie (until they do).
One thing's certain: Wall Street would never approve of this level of volatility. Then again, they're still trying to figure out how to short NFTs.
FED CAN NOW DO 3 RATE CUTS BYTHE END OF 2025.
MORE LIQUIDITY = ALTSEASON
pic.twitter.com/0Q8uwjjkrb
— Max (@MaxCryptoxx) August 5, 2025
Lower borrowing costs could stimulate new inflows into risk assets like cryptocurrencies, reviving altcoin season sentiment.
Could DOGE Be In for a Second, Larger Bull Run?
The early August turnaround could signal the second leg of Dogecoin’s bull run, with the technical setup now echoing the first, according to popular X analyst Kriss Pax.
Back in June, the 4-hour RSI dipped into oversold territory below 30, and what followed was a 70% rally that carried DOGE to its late July peak. That pattern now appears to be repeating.
But this time, the move could be bigger. “Last time the price was $0.14 and now it’s around $0.20. Higher lows lead to higher highs,” Pax noted, suggesting stronger upside potential.
A second leg up seems credible as smart money buys back into Dogecoin after profit taking saw whale holdings decline. Over the past 24 hours alone, whales have accumulated over 1 billion DOGE.
Whales bought over one billion dogecoin $DOGE in the last 24 hours! pic.twitter.com/qdGrIE6Gez
— Ali (@ali_charts) August 6, 2025New conviction from large holders could be a testament to further gains to come, using the dip as an opportunity to reposition.
Dogecoin Price Analysis: Biggest Rally Coming?
Dogecoin could be in for a bull run continuation as the breakout of a falling wedge opens the door for a return to its late July peak.
Since Pax’s observation, the 4-hour RSI has bounced back from oversold territory to NEAR neutral at 47, paving the way for a breakout of the wedge as buyers step back in.
While the post-breakout momentum has stalled, the upper resistance of the pattern now holds as support.
However, this footing could be weak as the MACD teeters on a potential death cross, moving tightly alongside the signal line.
This opens the door to another retest of $0.19. A successful bounce from that level could FORM a double bottom, building a stronger base for reversal.
For now, the uptrend shows staying power. If this momentum holds, Dogecoin could continue on the breakout path to $0.25 for a potential 24% gain from current prices.
Should that level flip to support, the rally may extend toward the mid-July high at $0.2875 in a 38% gain, clearing a path for a continuation of the bull run.
Much like the last time the RSI hit 30, it took a month for momentum to build. August could see continued consolidation as DOGE navigates the effects of new U.S. tariff duties on over 90 countries.
Come September, a potential rate cut and the build-up to the spot DOGE ETF decision deadline in October could see renewed inflows.
JUST IN:
$DOGE ETF APPROVAL ODDS INCREASE TO 90% ON BLOOMBERG pic.twitter.com/2DPyXSjhOC
As Altcoin Season Sentiment Stalls, Speculative Plays Still Rally
While most large-cap coins now consolidate under weak buy pressure, low-cap meme coins like TROLL are posting 2x gains in a single day.
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