Dogecoin Sees Rare Weekly RSI Level – A Potential Market Signal

In a notable development for Dogecoin, its weekly chart has recently displayed a rare signal that could indicate significant market movements. Crypto analyst Cryptollica highlighted that the weekly Relative Strength Index (RSI) for DOGE has reached approximately 33.6, a level that has only appeared four times over the past 11 years. "DOGE WEEKLY RSI. 4 times in 11 years ..,” he stated.

Key Takeaways

Dogecoin's weekly RSI of approximately 33.6 is a rare occurrence, noted only four times in 11 years, suggesting potential market significance.
Historical instances of similar RSI levels show considerable price movements in DOGE.
The most recent price of Dogecoin was around $0.129, reflecting a slight decline but intriguing market dynamics.
The potential recovery signals a shift in psychological market conditions, but caution is advised as RSI alone is not a timing tool.

Dogecoin price news

Understanding the Implications for Dogecoin’s Price

As of the time of writing, DOGE was trading at approximately $0.129, with a slight decline of a few percentage points on that day.

The situation is straightforward: a weekly RSI that low typically suggests that sellers have been dominant in the market for an extended period. On a weekly basis, this kind of pressure usually holds more significance than day-to-day fluctuations. Unlike a brief dip below 30 on a short-term chart, this situation pertains to broader, long-term trends.

Dogecoin's weekly chart flashes rare RSI signal

However, interpreting it isn't as simple as it may appear at first glance. Cryptollica remarked that the same RSI zone has been observed previously in (1) early May 2015, (2) March 2020, (3) mid-June 2022, and (4) the current situation. While the data points in the post serve as the catalyst for discussion, what truly matters to traders is the historical outcomes that followed these occurrences.

The timing of the historical context is key. On May 6, 2015, DOGE was trading at approximately $0.000087. This price point was minimal, especially considering the tumultuous environment: weeks prior, Dogecoin co-founder Jackson Palmer had announced his departure from the cryptocurrency space, citing a “toxic” culture within the community.

Interestingly, the expected recovery did not happen swiftly. DOGE stagnated for a prolonged period but eventually surged during the 2017-2018 market mania, peaking at $0.017 on January 7, 2018. This represented a staggering increase of roughly +19,000% from its earlier low, demonstrating how being “oversold” on a weekly chart can still lead to significant upward movement over time.

During March 2020, amidst the COVID-19 crisis, DOGE hovered around $0.001537. Following the panic's peak and a return of liquidity to the markets, DOGE eventually reached a new cycle high of $0.7316 on May 8, 2021. This marked an impressive increase of approximately +47,000% from its March 2020 price — a clear indication that DOGE had transitioned from being viewed merely as a novelty to becoming a key player influenced by retail trading sentiments, especially under Elon Musk's attention.

Come mid-June 2022, the market was in a bearish phase, with DOGE priced at around $0.053. Recoveries occurred in waves throughout 2022: a late-year uptick associated with Musk's Twitter speculations followed by a larger meme-driven rally in 2024. By March 28, 2024, DOGE traded around $0.220, marking a +315% increase since June 2022—a significant rally, even if it was not as extreme as 2021 levels.

As of December 16, 2025, Dogecoin traded around $0.129. Analysts monitoring this "signal" believe it might suggest that the market sentiment is returning to a state similar to those previous exhaustion levels.

The bullish argument is compelling: if this weekly RSI zone has historically indicated seller fatigue, its resurgence could signal a shift in risk/reward dynamics in the market. However, it is important to note that this is not a guarantee of future price increases—more so an indicator that warrants close observation of DOGE's movements.

Yet, RSI is not a definitive timing tool. An oversold condition can persist, and weekly signals can remain volatile, possibly leading to additional market fluctuations.

Currently, we are looking at a setup rather than a foregone conclusion. Should DOGE begin to recover and hold specific levels, the signal proponents may celebrate a victory. Conversely, if the price continues to decline, this might be noted as an interesting yet painful early indicator, much like many trading strategies in the crypto space.

At the time of reporting, DOGE was trading at $0.12878.

Dogecoin price chart