Dogecoin Trades Near $0.17 With Hidden RSI Signal on Daily Chart

DOGE price is maintaining support around $0.16, while the daily Relative Strength Index (RSI) exhibits an upward trajectory, indicating potential strength accumulation.

A subtle bullish divergence is emerging on the daily chart, characterized by rising RSI lows concurrent with a relatively stable price.

A confirmed reversal from the current zone may materialize if the price surpasses $0.18 accompanied by increased volume and the RSI crossing the 50 threshold.

Dogecoin is exhibiting a bullish divergence on the daily chart, with the RSI trending upwards as the price retests the $0.16 area. A chart shared by technical analyst Cantenomese_Cat on June 19 points to a possible hidden bullish divergence for DOGE. The RSI has been climbing from oversold conditions while the price is forming a flat or lower low. This signal often precedes a price recovery, particularly when observed on a larger timeframe like the daily chart.

Source: X

Dogecoin is currently trading at approximately $0.16979. Despite persistent downward pressure since the highs of April, recent momentum indicators suggest a strengthening trend. Traders and market observers are carefully evaluating this divergence to assess a potential change in the market's direction.

Technical Setup Suggests Possible Reversal

The RSI, calculated over a 14-day period, is currently near 35.72 and displaying an upward curve. This movement signifies increasing buying interest, even as price action remains subdued. The divergence between price lows and RSI lows is frequently considered a dependable early signal of a trend reversal.

A hidden bullish divergence arises when the price establishes a higher low while the RSI forms a lower low. In Dogecoin's situation, the chart indicates a flat or slightly lower price low, while the RSI is creating a higher low. This discrepancy may imply accumulation or underlying strength building at the current levels.

Alongside the live chart, a reference diagram illustrates four primary divergence types—regular bearish, regular bullish, hidden bearish, and hidden bullish. Dogecoin's present structure aligns most closely with the hidden bullish category, which typically occurs in uptrending markets and signals continuation.

Market Reaction and Historical Context

Dogecoin has experienced considerable volatility in recent months. After peaking near $0.45 in early 2025, the asset has been on a steady decline. Despite a brief surge above $0.27 in April, momentum faltered, leading to the current consolidation phase.

Previous RSI divergences, such as the one observed in August 2024, preceded significant upward movements. In that instance, a bullish divergence formed near $0.06 and was followed by a multi-month rally. While no pattern guarantees outcomes, many traders regard RSI setups as valuable signals when they align with robust price support.

Can DOGE Capitalize on Its Current RSI Divergence?

This pattern raises the crucial question: can Dogecoin sustain this RSI divergence and translate it into upward price momentum?

Traders are closely monitoring the $0.17200 to $0.16000 range as the critical support level. Should Dogecoin rebound above $0.18 in the upcoming sessions, the divergence may confirm a reversal. RSI readings climbing above 50 would further substantiate a change in trend.

Until then, Dogecoin's chart remains technically neutral, with the divergence acting as an early indicator rather than a definitive confirmation. As the RSI continues to rise, it provides the first sign of strength in recent weeks.