DOGE price gained 445% the last time this indicator flashed green

Dogecoin's price recently flashed a bullish signal through its monthly Relative Strength Index (RSI), which has historically been a strong indicator of significant price rallies. Previous instances revealed that following a similar bullish cross, DOGE surged by 300% and 445% in past months. The current market analysis suggests a potential breakout from an ascending triangle pattern, targeting $0.65, marking a 161% increase from current levels. Analysts remain optimistic, with some forecasting that DOGE could even reach $1 in the coming months. Based on technical analysis, the alignment of the bullish RSI with a retest of the 20-period simple moving average indicates a robust upward movement is imminent. The bullish sentiment also reflects growing institutional interest and potential spot ETF approvals, which could further propel DOGE's price.

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