Dogecoin Holds Above $0.18: RSI Signal and Whale Accumulation Trigger Q3 Rally Optimism

Jakarta, Pintu News – The price of Dogecoin has shown resilience amidst the bearish pressure hitting the crypto market, remaining firmly above the crucial support level of USD 0.18 or around IDR 2,947 (exchange rate 1 USD = IDR 16,375). Despite weakening below the USD 0.20 threshold, DOGE still attracts bullish interest as technical signals emerge and massive accumulation by institutional investors.

RSI Approaches Historical Level, 70% Rally Potential?

Technical analysis shows DOGE’s Relative Strength Index (RSI) on the 4-hour chart is close to the level that previously triggered a 70% rally in June 2025. Back then, DOGE jumped from USD 0.14 (IDR 2,292) to over USD 0.24 (IDR 3,930) in just one month. The current condition of the RSI gives traders hope for a repeat of the same bullish pattern, especially since the DOGE price is also forming a higher low structure.

With this bullish scenario, the next price target for DOGE is USD 0.34 (IDR 5,568) if the RSI pattern is completely confirmed. Traders are now closely monitoring the RSI movement and price pattern, waiting for a convincing breakout signal in the near future.

Also Read: Top 3 Crypto that Grew Up to 120% in the First Week of August, Got Your Token?

Whale Accumulation Drives DOGE’s Positive Sentiment

In addition to technical factors, DOGE market sentiment was strengthened by massive accumulation from institutional investors or whales. In the last 48 hours, more than 1 billion DOGE was accumulated by whales, signaling great confidence in the potential price increase. Historically, this kind of accumulation has often triggered significant price spikes in Dogecoin.

Analysts predict that September could be a key period for DOGE to break through key resistance at USD 0.50 (IDR 8,187). In fact, if the bullish trend continues, the long-term target of USD 1.00 (IDR 16,375) is being eyed by some market watchers.

Technical Structure Supports Breakout Potential

From a technical perspective, DOGE is also forming a bullish megaphone pattern, a pattern that often signals the possibility of a continued rally. In addition, DOGE’s current price is still in the historical accumulation zone between USD 0.15 (IDR 2,456) to USD 0.22 (IDR 3,603), an area that has previously triggered exponential rallies.

While the meme coin sector as a whole hasn’t been impressive this year, DOGE’s technical setup looks pretty solid. Analysts at X such as Trader Tardigrade think that DOGE has completed two basic reversal patterns, and is forming a third one. If this pattern is proven again, DOGE’s breakout potential is even stronger.

Q3 Price Prediction and Outlook

According to CoinCodex projections, the price of DOGE is predicted to rise by around 16% by early September, with a target at USD 0.24 (IDR 3,930). Market sentiment is also observed to be neutral to optimistic, with the Fear & Greed index at 64 (greed), signaling a growing risk appetite. If DOGE is able to hold above the USD 0.18 (IDR 2,947) support and repeat the previous rally RSI pattern, the third quarter of 2025 could be a positive period for Dogecoin investors.

Also Read: Are These 3 Altcoins Likely to Print All-Time High in August 2025?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• James Halver/NewsBTC. DOGE Holds Above $0.18 as RSI Signals 70% Rally Potential: Can Dogecoin Outperform in Q3? Accessed August 6, 2025.