The original meme coin, Dogecoin (DOGE), has faced a 17.13% decline over the past 30 days, bringing its current price to $0.097. However, things could soon turn around for the popular cryptocurrency as technical analysis (TA) from prominent digital assets expert Ali Martinez suggests an upcoming rally for Dogecoin.On September 2, Martinez highlighted in a post on X that DOGE is displaying a bullish divergence against the relative strength index (RSI), a momentum indicator that measures the magnitude of recent price movements. Additionally, the TD Sequential indicator is signaling a buy opportunity, pointing to potential upward momentum for DOGE.
Similarly, while oscillators are set to ‘neutral’ across all three time frames, moving averages (MA) consistently advise selling DOGE.**Dogecoin Price Chart**Regardless of what the future holds for Dogecoin, its recent performance has been lackluster. Over the past 30 trading days, the meme coin was positive on just 12 occasions, highlighting the bearish sentiment that currently prevails in the broader crypto market—a trend that comes as no surprise.
Similarly, while oscillators are set to ‘neutral’ across all three time frames, moving averages (MA) consistently advise selling DOGE.
Dogecoin Price Chart
Regardless of what the future holds for Dogecoin, its recent performance has been lackluster. Over the past 30 trading days, the meme coin was positive on just 12 occasions, highlighting the bearish sentiment that currently prevails in the broader crypto market—a trend that comes as no surprise.
Despite a decline of over 15% in the past month, DOGE has managed to remain positive on the year-to-date chart, with a modest gain of 5.85%.