Dogecoin RSI Flashes Bullish Cross: Could $0.65 Be Next?

4 hours ago

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Is DOGE really about to surge by 445% as the RSI signal suggests?

What does the bullish RSI cross mean for Dogecoin's future?

Could Dogecoin hit $0.65 soon based on the current analysis?

Dogecoin RSI Flashes Bullish Cross: Could $0.65 Be Next? — Image source: Unblock Media

Dogecoin’s monthly RSI bullish cross historically signals rallies of up to 445%.
Analysts highlight technical patterns and institutional interest as potential price drivers.

Dogecoin’s (DOGE) monthly Relative Strength Index (RSI) recently flashed a bullish cross, a technical indicator historically linked to significant price surges for the cryptocurrency. On October 8, 2025, Cointelegraph reported that past instances of this signal were followed by rallies ranging from 300% to 445%, fueling expectations for another upward move.

This development has prompted analysts to assess its implications, pointing to historical precedents where Dogecoin exhibited substantial price growth under similar conditions. For investors and technical analysts, the current RSI pattern represents a critical signal to watch.

From a technical standpoint, Dogecoin is also showing signs of a potential breakout from an ascending triangle formation visible on its price chart. This bullish continuation pattern typically indicates upward price momentum, with analysts setting an initial price target of $0.65.

Institutional interest in Dogecoin has also been accelerating, lending further weight to its bullish outlook. Multiple companies have reportedly added Dogecoin to their corporate treasuries, reflecting its growing appeal beyond retail investors. Additionally, the potential approval of a spot Dogecoin ETF is seen as a key catalyst that could attract institutional liquidity and bolster price momentum.

Some market commentators are even suggesting that Dogecoin could surpass its 2021 all-time high of approximately $0.73. Based on previous market cycles and favorable conditions, optimistic projections see the price potentially reaching $1 or higher.

As of October 8, 2025, 15:08 UTC, Dogecoin (DOGE) is trading at $0.253, marking a 0.514% decline over the past 24 hours, according to CoinMarketCap. Its 24-hour trading volume has dropped by 11.617%, reflecting short-term market corrections. The cryptocurrency’s fully diluted market capitalization currently stands at $38,297,351,378.57.