Dogecoin (DOGE) could increase in price "at any time", according to TOP analysts

Dogecoin (DOGE) could increase in price "at any time" due to optimistic technical signals from analysts. Despite a recent price correction, an analyst named Trader Tardigrade pointed out that the relative strength index (RSI) of DOGE has been reset from an overbought state, indicating the potential for price recovery in the near future. History shows that when the RSI reaches average levels, DOGE often experiences a period of strong price increase, as occurred in March 2024. If there is a breakthrough above the $0.50 threshold, a new upward trend could begin "at any time".

Additionally, according to data from Santiment, the "average dollar investment age" of DOGE has decreased, which also indicates that many inactive coins are being returned to the market, which often leads to price increases. However, market conditions may still lead to a temporary decline before breaking higher.