Dogecoin\u2019s daily chart, published by the pseudonymous trader Cantonese Cat on X Wednesday, hints that the meme-coin may be stirring after a months-long down-draft. At 02:26 UTC the TradingView snapshot captured DOGE changing hands at $0.16979, fractionally lower on the session, while the 14-period relative-strength index sat at 35.72, just north of classical oversold territory.<\/p>\n
The most striking feature of the graphic is a sequence of regular bullish divergences\u2014price sets progressively lower lows even as the RSI traces higher troughs. Cantonese Cat illustrates<\/a> three such inflection points: the first in August 2024, the second in March and April 2025 and the latest in mid-June.<\/p>\n Historically, the first signal preceded the parabolic autumn rally that vaulted DOGE from the high-$0.05 area to an intraday peak just shy of $0.23, a nearly 300% advance. The March divergence ushered in a 100 percent rebound back to the $0.26 zone, a former support now acting as overhead resistance.<\/p>\n \u201cDOGE daily \u2013 Bullish divergence with RSI,\u201d Cantonese Cat wrote in his post, letting the annotated arrows speak louder than prose. A schematic inserted on the right-hand side of the chart underlines the textbook definition: in the highlighted quadrant, price slopes downward while momentum slopes upward, a configuration often interpreted as buyers quietly absorbing supply.<\/p>\n The current structural context lends weight to the signal. Since topping out in November above $0.48, price is retracing inside a descending channel. Within that broader channel, Dogecoin is now retesting a former down-sloping resistance line\u2014which provided stiff resistance throughout March and April this year\u2014that it finally broke in early May and is now acting as crucial support near $0.163.<\/p>\n Just below this back-test sits the multi-year ascending trendline<\/a> which now sits close to $0.142. Should both of those levels falter, the true lower boundary of the descending channel waits a fraction lower around $0.139, giving bulls only a narrow buffer of roughly three cents to defend.<\/p>\n From a Fibonacci perspective, the 0.786 retracement at $0.1826\u2014coupled with the 20- and 50-day exponential moving averages as well as the channel midline at $0.172\u2014forms the first ceiling that must be cleared to shift near-term momentum<\/a>. A breakout above that area would expose the 0.618 level at $0.247 and the 100-day EMA. Successive hurdles then stack at the 0.5 retracement ($0.292), the 0.382 ($0.338), and the 0.236 ($0.3939), each corresponding to prior congestion zones during the winter advance.<\/p>\n Volume has begun to taper as price approaches support, while the 14-period RSI remains anchored in the mid-30s\u2014still technically oversold, but showing a slight uptick that mirrors the bullish divergence Cantonese Cat flagged. For bears, a decisive daily close beneath the multi-year trendline would invalidate that divergence setup and likely drive DOGE toward the horizontal liquidity band between $0.135 and $0.13, with a final capitulation<\/a> target around $0.10\u2014site of last October\u2019s base.<\/p>","protected":false},"excerpt":{"rendered":" Dogecoin\u2019s daily chart, published by the pseudonymous trader Cantonese Cat on X Wednesday, hints that the meme-coin may be stirring after a months-long down-draft. At 02:26 UTC the TradingView snapshot captured DOGE changing hands at $0.16979, fractionally lower on the session, while the 14-period relative-strength index sat at 35.72, just north of classical oversold territory. […]<\/p>\n","protected":false},"author":0,"featured_media":74772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-74771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/74771"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=74771"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/74771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/74772"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Descending Channel And Key Support Line<\/h2>\n