DOGE holds at $0.18! DOGE RSI has a rising potential of 70%, can it rebound strongly in Q3?

Despite the ongoing pressure in the crypto market, DOGE has shown remarkable resilience, firmly maintaining the key support level at $0.18. Technical indicators suggest that the RSI is approaching the historically significant rebound zone, with bullish sentiment in the market heating up. In the third quarter, will DOGE be able to stage a strong rebound again and exceed investor expectations?

RSI key signals flash, historical patterns indicate 70% upward potential

Analyst KrissPax pointed out that DOGE's 4-hour RSI is once again approaching the key level that triggered a 70% increase in June 2025. At that time, DOGE surged from $0.14 to $0.24. Now, with a higher low structure forming, if history repeats itself, DOGE is expected to hit $0.34, and even challenge the $0.50 resistance.

Institutional whales increase holdings, market sentiment leans bullish

In the past 48 hours, institutional investors have accumulated over 1 billion DOGE, indicating increased confidence. The long/short position ratio on exchanges has reached as high as 3:1, with open interest stabilizing at 3 billion USD, reflecting the main capital's strong expectation for a rebound. Even though DOGE has retraced 25% from its July peak, market participants remain optimistic about its rebound potential.

The technical indicators show a mix of long positions and short positions; attention should be paid to key support and resistance levels.

The DOGE price is currently hovering around the support level of 0.19 USD. If it holds this critical point, a short-term rebound to 0.22, 0.24, or even 0.30 USD is possible. If it breaks below, attention should be paid to lower supports at 0.17 and 0.15 USD. The golden cross, bullish expanding wedge pattern, and long positions structure all provide technical backing for a potential rebound.

Historical Data and Market Expectations: Can a Q3 Rebound Occur?

Although August has historically been unfavorable for DOGE, with an average decline of 10%, it has only dropped 5.31% this year, indicating limited pullback. CoinCodex predicts that DOGE is expected to rise by 16% at the beginning of September, with a target price of $0.24. If market sentiment continues, a strong rebound in Q3 is not impossible.

Conclusion

DOGE is currently in a tug-of-war between long and short positions, but the RSI shows a potential rise of up to 70%, with both technical and funding aspects releasing rebound signals. As long as the support at $0.18-$0.19 remains solid, DOGE is expected to bring surprises in the third quarter. Investors should closely monitor key price levels and market sentiment to seize potential trading opportunities.