A seasoned technical analyst recently noticed an interesting phenomenon—the Relative Strength Index (RSI) of Dogecoin on the two-week chart has fallen to a position very similar to those just before the two wild surges in 2020 and 2021.

What does this mean? Simply put, after a period of consolidation and digestion, the upward momentum is quietly building up. From a technical perspective, Dogecoin currently exhibits characteristics of decreasing volatility and rising lows—which is often a signal of large institutions quietly accumulating positions, a typical sign of the "accumulation" phase.

Currently, Dogecoin's trading price is around $0.1378. Looking at the cycle, the daily and weekly charts are indeed weakening, but the monthly chart still maintains an upward trend. The key judgment here is: the recent decline is very likely just a normal correction within a larger bull market structure, not a trend reversal. Think about it—if a big move is brewing technically, a thorough retracement beforehand is necessary—to shake out those retail investors with unstable mindsets.

With RSI at a historically sensitive level, declining volume but with lows rising, and signs of accumulation visible on the chart… these signals together indeed suggest a bullish sentiment. Short-term pressure is real, but the longer-term structure is telling a familiar story.