DOGE Weekly Drop, But RSI Signals Potential Reversal

Dogecoin experienced a 1% weekly decline, ending at around $0.23 after a volatile period with daily trading volume reaching $3 billion. While the token remains in consolidation near its $0.22 support level, analysts point to potential bullish momentum based on the RSI chart. A rounded bottom formation suggests a gradual building of momentum despite recent downtrend. This pattern mirrors historical rallies that followed similar RSI formations in the past, fueling speculation about another surge for DOGE.