Dogecoin Price Action: What To Expect As The DOGE RSI Climbs To 90% Once Again | Bitcoin

The Dogecoin price has been stuck in a state of correction and consolidation since the first week of December after a crazy multi-week rally that saw it peaking just below the $0.48 price level. Recent price action in the past 24 hours and seven days has been riddled by declines, with the RSI indicator reflecting a corresponding drop.

Crypto analyst Master Kenobi recently drew attention to this notable development in Dogecoin’s Relative Strength Index (RSI), highlighting its earlier break above 90% and comparing the current bull market with the patterns observed during DOGE’s 2021 rally.

DOGE RSI Mirrors That Of The 2021 Bull Market

Master Kenobi’s recent update on X outlines a striking similarity between Dogecoin’s RSI levels during the current cycle and those observed in the early stages of the 2021 bull market. In both instances, the RSI reached 90, which is far…more

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