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🐶 DOGE Builds Three Bullish RSI Divergences Since June
Dogecoin has been consolidating between $0.068 and $0.074 since late July, currently trading around $0.07015. Chart watchers have flagged three separate bullish RSI divergences since June — the most recent forming in early August — where price posted lower lows while RSI posted higher lows, a pattern traders often read as fading downside momentum.
Open interest is up 4.49% to $1.17 billion and options volume jumped 168% even as spot volume slipped 14% to $591.55 million, with $573K in liquidations over the past 24 hours. Key level to watch: $0.0722, where a cluster of short positions sits exposed.
Divergences don't guarantee anything — they just mean the chart's asking a question nobody's answered yet.
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