Renowned crypto trader Ali Martinez suggests that Dogecoin could be preparing for a large price upswing.
Martinez points to the stock RSI on the weekly timeframe, indicating a potential bullish crossover which historically precedes major Dogecoin rallies.
The current weekly candlestick is attempting to form a doji, a candle that often signals a potential trend reversal.
Confirmation is critical, and if the doji-like candle holds its shape and next week's candle confirms, Dogecoin could experience a burst to the upside.