Eseandre Mordi
⬤ Dogecoin has made a notable move on the 4-hour chart, breaking above an ascending pattern after reaching oversold territory. The latest candle pushed through the upper boundary of a tightening triangle structure, marking the first real technical improvement in several days. Price action is now building momentum near diagonal support, suggesting the downtrend may be losing steam.
⬤ The RSI hit oversold levels below 30 earlier—a classic sign of downtrend exhaustion. Since then, it's recovered and broken through its own trendline, showing strengthening momentum. This shift lines up with price climbing out of consolidation, giving weight to the idea that selling pressure is starting to ease.
⬤ DOGE is currently trading around the $0.14 mark, where previous intraday reactions took place. The chart shows clean compression within a rising triangle before the latest upward candle emerged. What matters here is the alignment: rising support, improving RSI, and more decisive candles forming near the upper edge. These signals point to early accumulation behavior taking shape.
⬤ This potential reversal matters because momentum shifts on shorter timeframes often hint at broader sentiment changes ahead. If Dogecoin holds above this recent structure, it could reduce selling pressure and set the stage for a more sustainable recovery—especially relevant after the extended pullback the market just went through.
Eseandre Mordi
