Dogecoin is back in the spotlight after crypto analyst Shan Spector shared a new chart on X. In the post, Spector said Dogecoin is showing a green bullish dot on the daily chart. RSI breakout. He described the move as “incredible” and said the coin looks poised to rise again. His chart shows that Dogecoin has now broken through the levels that have been holding it down for some time.
Spector suggests that the main focus now is on how the RSI broke to the upside. Analysts pointed out that this change is a bullish indicator that Dogecoin could rise in the short term. Daily candlestick chart shows a clean rise from the bottom support areasuggests that Momentum is returning to the coin.
Shan Spector identifies Dogecoin RSI breakout
“Unbelievable! Dogecoin is showing a green bullish dot on the daily chart with an RSI breakout,” Shan Spector wrote in a post on main target It’s $0.40. Dogecoin is poised to rise further. Everyone, please wait a moment. ”
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Both the green bullish dot and the RSI breakout suggest the first strong signal for the market. Possibility of new uptrend. On the chart, the RSI line has broken through an important level. This usually happens before the price increases. Specter’s chart highlights how Dogecoin’s price is forming a triangular shape, with the breakout arrow pointing upwards towards the next price zone.
By sharing this analysis, Spector emphasized that: Coin settings It is on an improving trend, and if this pattern continues, it may soon test higher areas. The tone of his post was positive and encouraging, indicating that he believes the charts show there is more room for growth.
Target price set at $0.40 and $1.00
In the same post, Spector listed two targets for Dogecoin’s price. The first target was $0.40, which he marked as the main target for the current RSI breakout. His chart includes an arrow pointing to that level, suggesting it is the next key point if the rally continues. On his chart, the price range around $0.40 is shown in red and marked as follows: critical resistance zone.
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The second goal is $1.00, but Specter Breakouts become more powerful. His chart shows a clear upward path extending past the initial target and towards the $1 mark. He did not give a deadline for this move, but the setup remains strong and worth noting.
Mr. Specter’s post has gained attention as it provides a direct look at Dogecoin’s current daily price movements. and RSI is currently rising And with both targets marked, this update suggests that Dogecoin may be entering a more active phase once again.
Featured image created by Dall.E, chart on Tradingview.com
