EtherNasyonaL explained that Dogecoin’s momentum has now reached “historical lows,” with the Stochastic RSI confirming a bottoming phase similar to those seen before previous bull runs. Furthermore, the analyst described this period as a phase of “quiet, calm, yet determined recovery,” meaning that the market is gradually regaining strength beneath the surface.
This view is further supported by the positioning of the price within the ascending channel. With Dogecoin currently trading around the lower range, it effectively sets a technical foundation for another upward leg.
At the time of writing, Dogecoin is trading at $0.1945, having increased by 1.9% in the past 24 hours.
