DOGE Poised for Reversal: Bullish Divergences Signal Potential Upswing

Dogecoin (DOGE) is showing promising signs of a potential trend reversal after a prolonged downtrend, according to technical indicators. As of June 2025, the meme cryptocurrency has displayed a series of bullish divergences on its daily chart, suggesting accumulation by investors. Currently trading at $0.16979 with its 14-period RSI at 35.72 (just above oversold territory), DOGE appears to be forming a bottom after months of decline. The pattern is marked by three key inflection points: August 2024, March-April 2025, and mid-2025, where price established lower lows while the RSI formed higher troughs - a classic reversal signal. This technical setup, combined with DOGE's strong community support and growing utility, suggests the asset may be preparing for its next upward cycle in the cryptocurrency market.

Dogecoin Shows Signs of Life With Bottoming Signal

Dogecoin's daily chart reveals a potential reversal after months of decline. The meme-coin traded at $0.16979, slightly lower on the session, while the 14-period relative strength index hovered at 35.72—just above oversold territory. A sequence of bullish divergences stands out: price sets lower lows as the RSI traces higher troughs, signaling accumulation.

Three inflection points mark this pattern—August 2024, March-April 2025, and mid-June. The first preceded a 300% rally last autumn, catapulting Doge from $0.05 to nearly $0.23. The March divergence triggered a 100% rebound to $0.26, now a key resistance level.

Pseudonymous trader Cantonese Cat highlighted the setup with a simple annotation: "DOGE daily – Bullish divergence with RSI." The chart's right side underscores the textbook definition—price descends as momentum rises, suggesting stealthy buyer interest.

Dogecoin Gears Up For 60% Move—Will It Be Up Or Down?

Dogecoin is poised for a potential 60% price swing as it nears the apex of a symmetrical triangle pattern. Analyst Ali Martinez highlights the critical juncture, noting that a breakout above resistance or below support could dictate the meme coin's next major move.

The pattern's converging trendlines show diminishing volatility, a classic consolidation phase preceding explosive price action. Historical data suggests such technical formations often resolve with significant momentum—bullish or bearish.

Market participants are watching the $0.12-$0.15 range as a decisive zone. A confirmed breakout could trigger algorithmic trading responses across major exchanges, potentially amplifying the initial move.

Dogecoin Revival? Elon Musk’s X Set To Launch Trading Features

Dogecoin may finally achieve mainstream adoption as Elon Musk's X platform—formerly Twitter—prepares to roll out integrated trading features. In a Financial Times interview, X CEO Linda Yaccarino confirmed the imminent launch of financial services, including crypto trading, under the X Money brand. The wallet functionality, developed in partnership with Visa, will debut in the U.S. this year with plans for peer-to-peer payments, e-commerce integration, and a brokerage layer for stocks, ETFs, and digital assets.

The MOVE positions X as a potential WeChat-style superapp, with Yaccarino stating users will soon "transact your whole financial life" on the platform. Regulatory groundwork is already laid, with money-transmitter licenses secured in 41 states—though New York approval remains pending amid consumer protection concerns.

For crypto markets, the development carries particular significance for Dogecoin. Musk's longstanding endorsement of the meme coin suggests X's trading infrastructure could serve as a ready-made on-ramp for DOGE adoption. The platform's planned debit/credit card product, expected by year-end, may further bridge digital and traditional finance.