Dogecoin Holds Steady at $14.6B Market Cap Amid Repeating RSI Pattern

Dogecoin's price remains stable, holding onto its position among the top 12 cryptocurrencies, with a market cap of $14.617 billion.

The meme coin has been steadily trading near $0.09364, up 0.5% in the last 24 hours, and its hourly RSI signal shows a repeating pattern on the chart.

Each time the RSI dips into the oversold zone and recovers, Dogecoin reverses higher within a short time, but an oversold reading does not confirm a trend change, and the bigger structure on the 4-hour chart still needs to agree with it.

The technical analysis suggests that Dogecoin is forming a symmetrical triangle on its 4-hour chart, with price recently testing the rising trendline near $0.09158 and bouncing back up.

To push towards higher resistance, Dogecoin must clear the $0.09610 resistance level and close above the falling trendline of the triangle with real volume behind it.