Dogecoin Price Trend: What Happens When Dogecoin's RSI Climbs to 90% Again🔥🔥🔥

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Dogecoin Price Status:

- Since the first week of December, Dogecoin has been in a state of adjustment and consolidation, after a crazy surge to just below $0.48.

- The price has shown a downward trend in the past 24 hours and 7 days, with the RSI indicator also indicating a decline.

DOGE RSI Compared to the 2021 Bull Market:

- Please pay attention to the significant development of Dogecoin's RSI, indicating levels similar to those observed at the beginning of the 2021 bull market.

- In both cases, the RSI reached 90, far above the overbought condition threshold of 70.

- After the 2021 rebound, the RSI dropped to 43%, and Dogecoin's price plummeted by 55% within 25 days. In the current cycle, the price drop after RSI reached 90 was smaller, indicating more stability.

Key Dates and Future Outlook:

- Currently, Dogecoin's RSI is around 43 and may further decline to 40.

- Master Kenobi points out that the time intervals between key RSI peaks in the Dogecoin market cycle are narrowing, indicating that its behavior is becoming predictable.

- DOGE seems to be slightly ahead of historical trends, with the RSI remaining above its moving average, suggesting that the current bull market cycle may still have room for growth.

- January 2nd is a key date to watch for Dogecoin. At the time of writing, Dogecoin's price is $0.362, down 5% and 13.3% in the past 24 hours and 7 days, respectively.

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