Dogecoin’s Weekly RSI: A Rare Gem or Just Fool’s Gold? 🤔💰

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Gather ’round, dear readers, for a tale of intrigue and numerical wizardry in the world of Dogecoin! It appears that our charming little canine coin has barked up the right tree, as a most peculiar signal has surfaced in the weekly chart-a signal so rare, it has only trotted by four times in the last eleven years. Crypto analyst Cryptollica (surely a name destined for the annals of crypto history) has noticed that DOGE’s weekly RSI is sitting pretty at around 33.6, which, if you ask me, sounds rather like a new fragrance from the House of Doge.

The Shocking Implications for Dogecoin’s Price! 🎉

At the time of this writing, our furry friend, DOGE, was trading at about $0.129-down a smidgen, which, to be fair, is more than I can say for my Aunt Gertrude’s soufflés. Now, let us unravel this mystery: a weekly RSI that low usually suggests that the sellers have been playing the lead role in this little drama for quite some time. And in the grand theatre of trading, such prolonged pressure carries far more weight than yesterday’s gossip.

Yet, dear friends, do not let the glitzy screenshot fool you! Cryptollica’s revelation stems from a series of past events, akin to plot twists in a particularly gripping novel. This RSI level has made its grand appearances in May 2015, March 2020, mid-June 2022, and now. But what transpired next is where things get as whimsical as a cat in a bowler hat!

On that fateful day in May 2015, DOGE was valued at a staggering $0.000087. I mean, you’d need a magnifying glass to spot that price. Meanwhile, the backdrop resembled a soap opera, with co-founder Jackson Palmer announcing his exit from the crypto stage, citing a “toxic” culture. Truly, a melodrama worthy of the West End!

Much to everyone’s surprise, the bounce didn’t arrive on cue. Instead, DOGE rippled along until it rode the 2017-18 mania, briefly strutting its stuff at $0.017 on January 7, 2018. From a mere $0.000087 to nearly two cents? That’s a gain of +19,000%! It’s enough to make one question their life choices, isn’t it?

Fast forward to March 2020, where amid peak COVID chaos, DOGE reared its head again at a princely sum of $0.001537. As panic subsided, our plucky coin sprinted to a zenith of $0.7316 on May 8, 2021-a whopping +47,000% from its pandemic lows. At this point, DOGE had transitioned from being merely a jester of the crypto court to a barometer for retail exuberance, with a dash of Musk magic sprinkled on top.

By mid-June 2022, however, the bear market had taken the stage, with DOGE languishing around $0.053. But fret not! The recovery arrived, albeit fashionably late, in waves, much like my cousin Larry’s attempts at professional surfing.

By March 28, 2024, DOGE strutted back to $0.220-a respectable +315% from its previous low. Not quite the wild escapades of 2021, but still enough to raise an eyebrow or two.

And now, on this fine Tuesday, December 16, 2025, our beloved Dogecoin is swapping paws at around $0.129. The RSI enthusiasts are whispering sweet nothings about how this could indicate a return to the psychological territory of previous seller fatigue. How romantic!

The bullish narrative practically writes itself: if history repeats, we might be witnessing a shift in risk/reward dynamics. However, let’s not pop the champagne just yet; RSI is no crystal ball. Just because it’s oversold doesn’t mean it won’t continue its freefall like a clumsy acrobat. Oversold can linger, and those weekly signals could dance around like wallflowers at a ball.

For the moment, we have a set-up, not a conclusion. Should DOGE begin reclaiming its lost territories, the RSI aficionados will surely take a victory lap. If it continues to flounder, we’ll file this under “interesting but painful”-much like my attempts at cooking French cuisine.

At the last tick, DOGE was trading at a tantalizing $0.12878.

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2025-12-16 14:20