A rare and significant bullish signal has appeared on Dogecoin’s monthly chart, suggesting a potential major price rally could be ahead. This technical development, combined with growing institutional interest, is drawing close attention from traders and product builders.
A Rare Bullish Signal Flashes
The key event driving optimism is a bullish crossover on Dogecoin’s monthly Relative Strength Index (RSI). This is not a common occurrence, and its past appearances have preceded massive rallies. Analysis indicates that this same signal preceded a 445% surge in Dogecoin’s price the last time it appeared.
This technical setup is reinforced by other positive patterns on the charts. Analysts have observed a bullish “rising megaphone” pattern, and a successful defense of the $0.22 support level has confirmed a hidden bullish divergence. This combination of signals suggests that the momentum is shifting in the buyers’ favor.
The Fuel for potential Rally
Beyond the charts, fundamental and on-chain factors are aligning to support a potential upward move.
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Whale Activity: Large investors, often called “whales”, have been accumulating Dogecoin. There are reports of whales acquiring hundreds of millions of DOGE in recent weeks, which has the effect of tightening available supply and can amplify upward price moves.
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Institutional Products: The launch of institutional products like the REX-Osprey Dogecoin ETF (DOJE) provides a new, regulated channel for traditional capital to enter the Dogecoin market. This significantly boosts the asset’s credibility and can lead to substantial inflows.
The Road Ahead for Dogecoin
“It is ‘inevitable’ that DOGE reaches $1.00 or $1.20 in the coming months”, Mags said, per the compiled sources.
Closing focus: Watch two events—the fate of altcoin ETF applications in 2025 and the breakout test of the two-day triangle. Both will indicate whether the RSI signal translates into steady institutional money.
