Dogecoin is up 1.68% today, trading at $0.091 as of Aug. 24. But the weekly chart isn't as upbeat: a bearish RSI divergence has formed, and that's a signal that could pull the price down to the support level at $0.082.
What the Weekly Chart Shows
The relative strength index is a momentum gauge that tracks how fast prices are moving. When the RSI makes a lower high while price makes a higher high, that's a bearish divergence. Dogecoin's weekly chart is showing exactly that pattern right now. In plain terms, the latest push higher has less momentum behind it than the previous run, and that often ends with a pullback.
The Support Level at $0.082
If the divergence plays out, the drop could land at $0.082, a level that has acted as support in the past. That's roughly 9% below the current price. It isn't a crash forecast, just a technical target that traders will be watching. Whether $0.082 holds or gets broken, that's the line in the sand.
ETF Inflows Keep Rising
On the other side of the ledger, money is pouring into Dogecoin ETFs. The facts show surging inflows, though no specific dollar figures are available. That's a notable counterweight to the bearish technical signal. Investors are buying exposure to Dogecoin through ETFs even as the weekly chart warns of a possible slide.
The clash between the technical signal and the inflow momentum leaves the next move genuinely open. If the ETF buying continues, it could prop the price above $0.082. If the divergence wins, that's where the test will be.
