Dogecoin Signals Hidden Bullish Divergence: A Major Rally on the Horizon?

Dogecoin hashrate reaches 1.21 PH/s, signaling network strength and miner confidence. Analysts highlight a hidden bullish RSI divergence and technical patterns pointing to DOGE’s next major rally.

Dogecoin Hashrate Hits New Heights, Signaling Network Confidence

Dogecoin network activity has seen a notable boost, with its hashrate climbing to 1.21 PH/s—reflecting robust miner enthusiasm and increased network security. Peaks of up to 2 PH/s over the past month further underline the altcoin’s growing computational power.

This consistent growth in hashrate demonstrates Dogecoin’s long-term resilience, improving its appeal to miners and investors while bolstering its defenses against potential attacks. The sustained levels of miner activity signal profitability and trust in Dogecoin’s blockchain infrastructure, adding momentum to its market potential.

Technical Analysis Shows Bullish Signs

Crypto analyst Trader Tardigrade shared insights on Dogecoin’s hidden bullish RSI divergence on the 4-hour chart. This pattern occurs when the price makes higher lows while the RSI shows lower lows, indicating underlying strength despite market corrections.

Such divergence often predicts an uptrend continuation. Dogecoin’s price is currently consolidating, which analysts believe sets the stage for breakout moves and tests of higher resistance levels. If buying pressure persists, DOGE could climb significantly, with analysts eyeing the $0.6000 resistance handle as the next key level.

Google Trends Show Dogecoin’s Popularity Soaring

Dogecoin continues to outshine competitors like Cardano in online search interest. Data from Google Trends reveals that DOGE consistently dominates during market rallies, driven by its viral appeal and endorsements from high-profile figures.

While Cardano maintains steady search activity, Dogecoin’s spikes during major events highlight its status as both a financial and cultural phenomenon. This widespread interest helps sustain its market activity and supports its long-term growth potential

Bulls and Bears Face Off in Consolidation Phase

Dogecoin is currently consolidating at $0.37852, hovering around the 50 SMA, which serves as a critical support level. This phase of accumulation has traders anticipating a decisive breakout.

With a steady trading volume of 36.78M and an accumulation trend registering 16B, analysts suggest DOGE is building momentum. A volume spike could confirm a breakout above the consolidation zone, potentially driving the price toward $0.6000. Conversely, a drop in volume could signal prolonged sideways movement.

Final Thoughts

Dogecoin current market activity, combined with strong network fundamentals and bullish technical indicators, positions it as a top altcoin to watch. As traders await confirmation of a breakout, the stage appears set for DOGE to make a major move, reinforcing its role as a leader in the cryptocurrency space.

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