DOGE ( DOGE ) has recently shown positive signals on the technical front. On the 4-hour chart, the Relative Strength Index ( RSI ) has rebounded from the oversold area to near neutral levels at 47, creating conditions for buyers to return to the market. Although momentum has weakened after the wedge breakout, the breakout level has now turned into support, which is a positive sign.

However, the Moving Average Convergence Divergence Indicator ( MACD ) is approaching a death cross, closely following the signal line, indicating that the current foundation may be unstable. In this case, DOGE is likely to test the $0.19 level again. If it can successfully rebound at this level, it may form a double bottom pattern, laying a more solid foundation for a potential reversal.

Currently, the upward trend still shows sustained momentum. If this momentum is maintained, DOGE is expected to further break through to $0.25, an increase of about 24% from the current price. If this level successfully turns into support, the upward movement may extend to the mid-July high of $0.2875, with an increase of up to 38%, clearing obstacles for the continuation of the bull market.

It is worth noting that, similar to the last time the RSI reached 30, momentum accumulation may take about a month. Considering the impact of the new U.S. tariff policy on over 90 countries worldwide, DOGE may continue to fluctuate and consolidate in August.

Looking ahead to September, the potential expectations for interest rate cuts and the approaching deadline for the decision on the spot DOGE ETF in October may trigger a new round of capital inflows, bringing new opportunities for DOGE.

Overall, the technical indicators for DOGE show some positive signals, but investors still need to closely monitor market changes and make cautious decisions.