May 16, 2025: Dogecoin $DOGE trades at approximately $0.2284, reflecting a 4% decline over the past 24 hours. Technical indicators show mixed signals: the Relative Strength Index/RSI at 71.38 suggests overbought conditions, hinting at a potential short-term pullback.

The 50-day moving average $0.1880 supports a bullish trend, but the price struggles below the 9-day SMA, forming a bearish descending triangle. Support lies at $0.2170, with resistance at $0.2304. Market sentiment remains cautiously optimistic, driven by community support and potential ETF developments, though volatility persists due to macroeconomic factors and speculative trading.

Just HODL the DOGEcoin. 📈