DOGE breaks resistance and attracts volume — beginning of a new phase or just euphoria?
Dogecoin (DOGE) is currently trading at $0.2135, down -3.57%, but after a strong upward movement in the last candles. The 3D chart shows interesting signs of recovery of strength from buyers.
Technical analysis:
The price clearly broke through the EMA(7), EMA(25), and EMA(99) averages, indicating a possible change of trend in the medium term.
The RSI(6) is at 64.36, close to overbought, but still with room for further appreciation.
The volume has increased considerably, signaling real market interest, not just short-term speculation.
The immediate support is now between $0.20 and $0.197, and the next relevant resistance is in the range of $0.25 to $0.28.
My personal view:
DOGE shows a more mature structure this time, with a clean breakout and increasing volume. Still, I remain alert to potential traps if BTC corrects or if the volume drops. An entry after a pullback on the averages may be safer than entering at the peak of euphoria.
And you, do you believe that this rise of Doge has fuel or is it just a flash in the pan from a whale?
