Dogecoin is gaining attention again after crypto analyst Shan Specter shared a new chart on X. In the message, Specter said that Dogecoin is showing a bullish green dot on the daily chart, as well as a breakout of the RSI. He described the move as “incredible” and said the coin looked set to rise again. Its chart shows that Dogecoin is now above a level that has kept it low for some time.
Specter suggests that the focus now is on how the RSI has increased. The analyst highlighted this change as a bullish indicator that Dogecoin could rise in the near term. The daily candlestick chart shows a clear upward push from the bottom. support areasuggesting that the momentum returns to the room.
Shan Specter identifies Dogecoin RSI breakout
In his article main target is $0.40. Dogecoin is about to go higher. Hold on, everyone.
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The bullish green dot and the RSI breakout together suggest the first strong signal of a possible new upward trend. On the chart, the RSI line has crossed a key level, which usually happens before a price increase. Specter’s chart also shows how the Dogecoin price forms a triangle, with the breakout arrow pointing upwards towards the next price zone.
In sharing this analysis, Specter highlighted that the room layout is improving and could soon test higher areas if the trend continues. The tone of his message was positive and encouraging, indicating that he believes the chart suggests greater room for growth.
Price targets set at $0.40 and $1.00
In the same article, Specter listed two targets for the Dogecoin price. The first target is $0.40, which he has designated as the primary target for this current RSI breakout. Its chart includes an arrow pointing towards this level, suggesting that this is the next key point if the upward move continues. The price zone around $0.40 is shown in red on its chart, marking it as follows: a critical resistance zone.
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The second goal is $1.00, which Specter says is still possible if the escape gains more strength. Its chart shows a clear upward trajectory extending beyond the first target towards the $1 mark. He didn’t give a timetable for the move, but the setup remains intense and worth watching.
Specter’s post attracts attention because it gives a direct view of the current daily price action of Dogecoin. With the RSI is now rising and both targets marked, the update suggests that Dogecoin could once again enter a more active phase.
Featured image created with Dall.E, chart from Tradingview.com
