Crypto analyst Cryptollica has revealed that the Dogecoin Relative Strength Index (RSI) has crashed to its lowest level since its launch. The analyst also predicted that this might mark the bottom for the foremost meme coin, with a bullish reversal on the horizon.
Dogecoin RSI Hits All-Time Low Since Launch
In an X post, Cryptollica stated that the Dogecoin RSI has hit its lowest level in 12 years and is completely oversold. The analyst noted that, after removing all social sentiment and meme narratives, DOGE’s 2-week chart shows one of the most “severe structural anomalies currently visible in the market.”
Cryptollica’s chart also highlighted what marked the macro bottom for Dogecoin in previous cycles and how this may be the bottom for the meme coin in this cycle. The analyst noted that the DOGE price has now compressed to the exact structural baseline that precedes major macro expansions, suggesting a bullish reversal may be on the horizon.
The analyst mentio
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