- DOGE holds strong above $0.168 as rising RSI lows suggest a hidden bullish divergence.
- Increased volume and $21M whale transfer indicate possible accumulation and bullish intent.
- DOGE trades near triangle support; breakout could target $0.21–$0.24 if key levels hold.
Dogecoin (DOGE) is maintaining price support near a recent swing low. This zone continues to act as a key level for buyers. Each time the price enters this area, the support line formed by the RSI helps prevent deeper losses. RSI lows are rising, forming higher lows and suggesting a hidden bullish divergence.
Technical Support Zone Maintains Stability
According to analysis prepared by Trader Tardigrade on X, Dogecoin consistently rebounds after entering the same support range. The RSI trendline continues to hold and keeps the price from falling below $0.168.
The RSI remains above 50, offering a neutral reading with upside potential. Price is currently trading near $0.177 and remains above the Fair Value Gap and 4-hour Order Block. This overlapping zone between $0.176 and $0.178 is viewed as strategic positioning.
Volume also supports the case for bullish continuation. Binance recorded an 18% increase in trading volume in 24 hours, while on-chain data showed a 150 million DOGE transfer. Whale Alert reported the value of this transaction exceeded $21 million, which may reflect ongoing accumulation.
Chart Patterns and RSI Behavior Support Bullish Setup
DOGE remains inside a symmetrical triangle that has formed since early February. The current price rests near the triangle’s lower boundary. Analyst Ali Martinez stated via X, “Holding above $0.168 is crucial. A break below this level could trigger sharp declines.”
Meanwhile, Andrew Griffiths identified an ascending flag pattern on the DOGE chart. This technical setup signals the possibility of a proportional upward movement once the breakout occurs.
As of June 16, Dogecoin is trading within a narrow band between $0.175 and $0.18. Traders are watching for a breakout, especially with RSI forming higher lows. The next targets may include $0.21 and $0.24, based on recent analyst projections.
