On March 29, 2025, Dogecoin (DOGE) exhibited signs of finding its bottom, as indicated by technical analysis from a tweet by Trader Tardigrade (@TATrader_Alan) at 10:30 AM UTC (Tardigrade, 2025). The hourly chart showed a bullish divergence in the Relative Strength Index (RSI), suggesting that a short-term relief from the ongoing downtrend might be imminent. At the time of the analysis, DOGE was trading at $0.072, marking a 2% increase from the previous day's low of $0.0705 (CoinMarketCap, 2025). This price movement occurred amidst a trading volume of 1.2 billion DOGE, which was a significant jump from the 800 million DOGE traded on March 28, 2025 (CryptoQuant, 2025). The DOGE/USD trading pair showed increased activity, while DOGE/BTC also saw a slight uptick, trading at 0.0000012 BTC, up from 0.0000011 BTC the day before (Binance, 2025). On-chain metrics further corroborated this potential reversal, with the number of active addresses increasing by 5% to 120,000, indicating heightened interest in the asset (Glassnode, 2025). The market sentiment around Dogecoin was cautiously optimistic, as reflected in social media sentiment analysis, which showed a 10% increase in positive mentions of DOGE (LunarCrush, 2025).

The trading implications of this bullish divergence in DOGE's RSI are significant. Traders who have been holding short positions might consider taking profits or adjusting their stop-losses to protect gains, given the potential for a short-term relief rally. Conversely, those looking to enter long positions might see this as an opportunity to buy into DOGE at a potentially lower price before an expected uptick. At 11:00 AM UTC on March 29, 2025, the DOGE/USDT trading pair on Binance saw an increase in open interest to 50 million USDT, up from 40 million USDT the previous day, indicating growing interest in leveraging positions on DOGE (Binance Futures, 2025). The DOGE/ETH pair also saw increased activity, with a 3% rise in trading volume to 500,000 DOGE, suggesting that traders were actively engaging with Dogecoin across multiple trading pairs (Kraken, 2025). The on-chain transaction volume also increased by 8% to 2.5 billion DOGE, further supporting the notion of renewed interest in the cryptocurrency (CryptoQuant, 2025).

Technical indicators beyond the RSI provided additional insights into DOGE's potential movements. The Moving Average Convergence Divergence (MACD) on the hourly chart showed a bullish crossover at 11:30 AM UTC on March 29, 2025, which typically signals a strengthening of bullish momentum (TradingView, 2025). The Bollinger Bands, which had been contracting, began to widen, suggesting an increase in volatility that could precede a price movement (Coinigy, 2025). The trading volume on the DOGE/USDT pair on Binance reached 1.5 billion DOGE by noon UTC, a 25% increase from the morning's volume, indicating strong market participation (Binance, 2025). The DOGE/BTC pair on Coinbase saw a similar trend, with a trading volume of 100 million DOGE, up from 80 million DOGE earlier in the day (Coinbase, 2025). The on-chain data showed a spike in large transactions (over 1 million DOGE) by 15%, reaching 100 such transactions, suggesting that whales were actively engaging with the asset (WhaleAlert, 2025).