DOGE falls below the key level of $0.2! RSI Oversold signal reappears, historical patterns indicate a 70% Rebound is expected | DOGE price prediction

The price of DOGE has fallen into a slump after a strong rise in July, having now broken below the important psychological level of $0.2. However, analyst KrissPax points out that DOGE is forming a bullish technical pattern on the 4-hour chart, with its RSI indicator about to break below the 30 oversold area again - this signal triggered a 70% monthly big pump after it appeared in June. The current $0.2 level has formed a "higher low" structure, and if history repeats itself, DOGE could rebound to $0.34. However, it is important to note that August has historically been the worst month for DOGE, as it has already fallen 5.31% this month, with an average historical decline of 10%.

Broke through the key level, but the bullish foundation remains intact After a strong pump in July, the price of DOGE has recently pulled back in line with the market. Bears have regained control, pushing DOGE below the key support level of $0.2, further deepening into the loss zone.

Nonetheless, the current decline seems limited compared to the prevailing bullish sentiment among investors. The market generally expects this pullback to be a temporary phenomenon, and the long-term bullish foundation of DOGE has not been undermined.

RSI Oversold signal reappears, history points to a strong Rebound Cryptocurrency analyst KrissPax shared an analysis that points out that although the DOGE price is currently falling, its technicals are forming a bullish pattern. This pattern appears as the price is undergoing a pullback to historical support areas—areas that have previously triggered a big pump in prices.

Analysts particularly emphasize that the RSI (Relative Strength Index) of DOGE on the 4-hour chart is expected to fall below the 30 level again. Historical data shows that such deep oversold signals often indicate a price rebound:

• Recent Case: In June 2025, after the 4-hour RSI fell below 30, the DOGE price surged over 70% in the following month.
• Current Expectation: If historical patterns repeat, a drop below 30 in the RSI may trigger a rebound of similar magnitude.

Higher low structure, potentially indicating higher rebound targets The key difference between this and the signal from June is the different price levels:

• Price at June Signal: Approximately $0.14
• Current signal price: Approximately $0.20

Analysts point out that the current price level of $0.20 has formed a "higher low." This structure has positive significance in technical analysis, as it often indicates that a "higher high" may follow.

If a 70% rise occurs from the current price of $0.20, the price of DOGE is expected to climb to around $0.34 (after which it may lose upward momentum). It is worth noting that even if it rebounds to this level, the price of DOGE will still be over 50% lower than its historical high of $0.74 set in 2021.

Seasonal bearishness in August cannot be ignored Looking back at this month's performance, DOGE has started to give back some of its gains after recording a rise of 27.1% in July. According to CryptoRank data, DOGE has fallen by 5.31% so far this month, and the downward trend continues.

This pullback is not unusual, as historical data shows that August has traditionally been one of the weakest months for DOGE price performance. If seasonal trends continue, DOGE investors may face an average decline of about 10% this month, ending with a monthly loss.

Conclusion: Despite DOGE being under short-term pressure and facing the test of seasonal decline in August, the deeply Oversold RSI signal and the "higher low" structure emerging from the technical analysis provide historical basis for its potential significant Rebound. If the support around $0.20 holds effectively and the Oversold RSI signal is confirmed again, reaching the target of $0.34 for DOGE is not out of reach. However, investors must consider the historically weak performance of August when positioning for rebound opportunities, closely monitoring the defense of key support levels and the subsequent evolution of the RSI indicator.