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The K-line chart of Dogecoin over the past two weeks shows interesting signals. The Relative Strength Index has returned to the position before the 2020-2021 market surge, which is quite worth pondering. You can see the bottom gradually rising, and the volatility is also narrowing, as if quietly accumulating positions. The momentum indicator is even more obvious, gradually rising from the oversold trough.
From the price perspective, DOGE is now hanging at the $0.1378 level, down 4.68% today, but don’t just look at the daily trend—this month, it has still gained 6.06%. This wave of correction is actually a routine adjustment, and most people think this is a preparatory phase before a major market move.