Latest, check if the weekly RSI of Dogecoin is at the bottom?

Click on the avatar to watch live and understand the bull market!!!

The DOGE weekly chart also shows a spinning top candlestick pattern, indicating market indecision.

It is noteworthy that similar patterns have occurred multiple times in the past, suggesting potential bottom points.

In these cases, the Relative Strength Index (RSI) consistently touches support levels, reinforcing the idea that Dogecoin may have reached a foundation for upward movement.

The correlation between the spinning top and the RSI reaching support levels suggests that it may be preparing for an upward trajectory.

These setups are crucial for predicting future trends and may signal the beginning of a bullish phase for DOGE, as the position of the RSI confirms potential strength.

Whale activity surges

Additionally, there has been a surge in Dogecoin whale activity over the past two days, with large holders purchasing over 90 million DOGE, indicating strong accumulation.

The surge in buying volume aligns with a noticeable increase in price, following a relatively stable period before a significant price surge.

These actions suggest that whales are preparing for a potential rebound, and this accumulation could drive future price increases.

The chart shows that the price has risen accordingly during these trading periods, indicating the impact of these large purchases.

If this pattern continues, it may mean that Dogecoin is entering a bullish phase, with the momentum for its rise coming from the confidence that whales have in its upward trajectory.

Click on the avatar to watch live and understand the bull market!!!