Dogecoin’s H4 Breakout Sets a New Technical Phase as RSI Confirms Momentum Shift

Dogecoin breaks its H4 ascending triangle as RSI confirms a momentum shift from the downtrend.

DeFi activity rises as Dogecoin’s TVL climbs to $13.99M with steady growth through 2024–2025.

Derivatives interest increases with $1.43B open interest and stronger long positioning across exchanges.

Dogecoin’s H4 structure records a breakout that forms as price moves beyond the base of an ascending triangle. The pattern shows higher lows meeting horizontal resistance, and the breakout forms with stronger candles. RSI readings reached the oversold zone earlier and later moved beyond a key trendline. These conditions place Dogecoin closer to the end of its recent downtrend.

Price Breakout and RSI Structure on the H4 Chart

According to Trader Tardigrade, Dogecoin trades inside an ascending triangle with compression forming between rising support and steady resistance. The H4 chart then records a breakout through the pattern’s base, with candles expanding in size and moving above earlier consolidation.

The RSI structure mirrors this shift. The indicator moved into the oversold zone during the final part of the decline, and it later formed a downward trendline that controlled momentum. The RSI has now broken this trendline and moved upward, which aligns with the breakout on the price chart. This creates a unified structure that places the market near the end of the downtrend phase.

Price action now trades above the former resistance zone, and the ascending triangle’s rising base continues to show steady upward pressure. Traders watch near-term confirmation levels as the structure moves into a new phase outside the compression pattern.

Expanding DeFi Activity and Derivatives Positioning

According to data from DeFiLlama, Dogecoin’s Total Value Locked stands at $13.99 million, with a daily increase of 2.41%. The dataset shows long periods of low activity from mid-2022 to early-2024, followed by steady growth through 2024 and strong expansion during 2025. TVL movements now remain above earlier levels, showing increased network usage.

Source: DeFiLlama

Market data also shows rising participation in derivatives. As per Coinglass data, open interest has increased by 6.38% to $1.43 billion, and long positions hold stronger ratios across major exchanges. Liquidation data shows $2.78 million cleared in the past 24 hours, with most coming from short positions.

Dogecoin also enters a wider growth phase after the New York Stock Exchange accepted listings for Dogecoin and XRP ETFs by Grayscale, which will debut on November 24. This marks a new step in broader market access as trading volumes rise across both assets.

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