Hidden Bullish Signal Points to Dogecoin Rally

A hidden bullish divergence pattern has been spotted on Dogecoin’s price chart, signaling a potential upward trend. This technical indicator, identified by crypto analyst Trader Tardigrade, suggests that Dogecoin could be preparing for a significant rally. The pattern appears on the 4-hour Relative Strength Index (RSI) chart, showing a divergence between price momentum and RSI trends. While the RSI indicates declining momentum, the price is holding strong, suggesting an impending continuation of the uptrend.

Dogecoin has experienced a strong bullish run recently, testing key resistance levels that could pave the way for further gains. Analysts believe that if Dogecoin maintains its positive momentum, it could reach new heights, possibly nearing or surpassing its all-time high from the last bull market.

Another crypto analyst, Steph, has echoed this optimism, predicting that Dogecoin might achieve a new all-time high in the current bull cycle. Based on long-term chart analysis, Steph forecasts a significant price surge by 2025. Contributing to this positive sentiment is the influence of Elon Musk’s newly proposed Department of Government Efficiency (D.O.G.E) and the potential impact of Donald Trump’s upcoming inauguration as the next U.S. President. Both events are seen as potential catalysts for Dogecoin’s growth.

With Dogecoin’s chart showing a hidden bullish divergence, market analysts suggest the cryptocurrency may be on the brink of a substantial rally. However, breaking through critical resistance levels remains essential to confirm this upward trajectory. The growing optimism among analysts and the potential for external catalysts make Dogecoin one of the most closely watched cryptocurrencies in the current market cycle.