DOGE/USDT Strong Buy Signal as Price Breaks Resistance
Date: May 23, 2025
Exchange: Binance
Pair: DOGE/USDT
Current Price: $0.24985 (+3.60%)
Dogecoin (DOGE) is showing strong bullish momentum, with price action breaking above key resistance near $0.24500 and currently testing the $0.25000 psychological level. The price has hit a 24-hour high of $0.25064, indicating persistent buyer strength.
Technical Indicators:
Parabolic SAR is positioned below the price at $0.23892, signaling a strong uptrend.
MACD shows bullish crossover with histogram bars turning green and the MACD line (0.00054) crossing above the signal line.
RSI (6) is at 83.56, indicating strong bullish sentiment, though entering overbought territory.
Stochastic K & D lines show further upward pressure with %K at 82.77 and %D at 69.47.
Volume remains healthy with increasing green bars, supporting the upward move.
Analysis: DOGE has formed a solid bullish structure on the 1-hour chart, bouncing from the $0.22266 support and rallying past resistance. The combination of high RSI, positive MACD divergence, and supportive volume creates a compelling Buy Signal.
Outlook: If DOGE maintains momentum above $0.25000, the next short-term target could be $0.25700–$0.26000. A pullback to $0.24000–$0.24500 may provide a good re-entry for bulls.
Signal: STRONG BUY
Short-Term Target: $0.25700
Stop-Loss: $0.23800
