Dogecoin: Weekly RSI Hits 2022 Oversold Level

Dogecoin weekly RSI has reached the identical oversold zone that preceded the 2022 886% surge to $0.48, setting up the same compression pattern and raising DOGE price prediction targets to $0.7.

Price action on the 4h chart shows DOGE trading at $0.07 inside the Bollinger Bands, with the EMA50 at $0.08 and EMA200 at $0.09 serving as concrete resistance layers in the prevailing bearish structure while RSI(14) at 36.09 and the MACD golden cross point to a short-term test of lower band support at $0.07 before any continuation.