Dogecoin RSI Breakout Shows Main Target, Why $1 Is Still Possible

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Dogecoin is getting attention again after crypto analyst Shan Specter shared a new chart on X. In the post,Specter said Dogecoin is showing a green bullish dot on the daily chart, along with an RSI breakout.He described the move as “incredible” and said the coin looks ready to rise again. His chart shows that Dogecoin is now breaking past a level that had been holding it down for a while. 

Specter suggests that the primary focus is now on how the RSI has broken upward. The analyst pointed out this change as a bullish indicator that Dogecoin could move higher in the short term. The daily candlestick chart shows a clean upward push from the lower support area, hinting that momentum is returning to the coin. Shan Specter Identifies Dogecoin RSI Breakout

In his X post, Shan Specter wrote, “Incredible! Dogecoin is showing a green bullish dot on the daily chart with an RSI breakout. The main targetis $0.40. Dogecoin is poised to go higher. Hang in there, everyone.” Related Reading Economist Explains The Reality Behind XRP Price Reaching $100,000, It Can’t Overtake Bitcoin 2 days ago

The green bullish dot and RSI breakout together suggest the first strong signal of a possible new upward trend.On the chart, the RSI line has broken through a key level, which usually happens before a price increase. Specter’s chart also highlights how Dogecoin’s price is forming a triangle shape, with the breakout arrow pointing upward toward the next price zone. Source: X

By sharing this analysis, Specter highlighted that the coin’s setupis improving and that it could soon test higher areas if the pattern continues. The tone of his post was positive and encouraging, indicating that he believes the chart signals more room for growth. Price Targets Set At $0.40 And $1.00

In the same post, Specter listed two targets for the Dogecoin price. The first target is $0.40, which he marked as the primary goal for this current RSI breakout. His chart includes an arrow pointing toward that level, suggesting it is the next key point if the upward move continues. The price area around $0.40 is shown in red on his chart, marking it as a critical resistance zone. Related Reading Dogecoin 3rd Cycle Explosion: Analyst Revels The Only Difference From Last Two Cycles 3 days ago

The second target is $1.00, which Specter suggests is still possible if the breakout gains more strength. His chart shows a clear upward path that stretches beyond the first target toward the $1 mark. He didn’t give a time frame for this move, but the setup remains intense and worth watching.

Specter’s post draws attention because it gives a direct view of Dogecoin’s current daily price action. With the RSI now breaking higherand both targets marked, the update suggests Dogecoin may be entering a more active phase again. DOGE struggles to hold on to gains | Source: DOGEUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com