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

DOGE price is holding support near $0.16 while daily RSI moves higher showing possible strength building

Hidden bullish divergence appears on the daily chart as RSI lows rise while price remains nearly flat

If price rises above $0.18 with volume and RSI crosses 50 then reversal from current zone may confirm

Dogecoin is forming a bullish divergence on the daily chart as the RSI turns higher while price retests the $0.16 range. A chart posted by technical analyst Cantenomese_Cat on June 19 highlights a potential hidden bullish divergence for DOGE. The Relative Strength Index (RSI) has been rising from oversold territory while the price forms a flat or lower low. This signal often precedes a price recovery, especially when visible on a longer timeframe such as the daily chart.

Source: X

Dogecoin is currently trading at $0.16979. Despite ongoing downward pressure since April highs, the recent momentum indicators show signs of strengthening. Traders and market watchers are closely analyzing this divergence to gauge a potential shift in trend direction.

Technical Setup Signals Potential Reversal

The RSI indicator, calculated over 14 days, is now near 35.72 and showing an upward curve. This movement reflects increasing buying interest, even though price action remains muted. The divergence between price lows and RSI lows is often seen as a reliable early trend reversal pattern.

Hidden bullish divergence occurs when price makes a higher low while RSI makes a lower low. In Dogecoin’s case, the chart shows a flat or slightly lower price low while RSI creates a higher low. This mismatch may suggest accumulation or hidden strength building at current levels.

In addition to the live chart, a reference diagram shows four key divergence types—regular bearish, regular bullish, hidden bearish, and hidden bullish. Dogecoin’s current structure most closely aligns with the hidden bullish category, which typically occurs in uptrending markets and signals continuation.

Market Reaction and Historical Context

Dogecoin has faced significant volatility in recent months. After reaching a high near $0.45 in early 2025, the asset has steadily declined. Despite a brief bounce above $0.27 in April, momentum stalled, leading to the current consolidation range.

Previous RSI divergences, such as one seen in August 2024, preceded notable upward movements. In that instance, a bullish divergence formed near $0.06 and was followed by a multi-month rally. While no pattern guarantees results, many traders view RSI setups as useful signals when aligned with strong price support.

Will DOGE Break Out From Its Current RSI Divergence?

This pattern raises one question—can Dogecoin sustain this RSI divergence and translate it into upward price momentum?

Traders continue watching the $0.17200 to $0.16000 range as the key support floor. If Dogecoin rebounds above $0.18 in the coming sessions, the divergence may confirm a reversal. RSI readings rising above 50 would offer further confirmation of a shift.

Until then, Dogecoin’s chart remains technically neutral, with divergence acting as an early clue rather than confirmation. As RSI continues higher, it offers the first sign of strength in weeks.