DOGE Breaks Resistance with Volume — Trend Reversal or Just Hype?
Dogecoin (DOGE) is currently trading at $0.2135, down -3.57%, following a strong upward move in recent candles. The 3-day chart shows growing strength from buyers, possibly signaling a trend shift.
Technical breakdown:
Price has broken above the EMA(7), EMA(25), and EMA(99) — a potential signal of a bullish reversal on the medium-term trend.
RSI(6) is at 64.36, approaching overbought territory but still with room for continuation.
Volume has surged recently, showing real market interest, not just short-term speculation.
Immediate support now lies between $0.20 and $0.197, while key resistance is in the $0.25 to $0.28 range.
My personal take:
DOGE looks more structured this time, with a clean breakout and solid volume. Still, caution is key — especially if BTC pulls back or volume fades. A pullback to the moving averages could offer a safer entry than chasing the top.
What do you think — is this a real move, or just another whale-driven hype wave?
