The Dogecoin ( $DOGE ) has seen a strong increase in the past 24 hours, surpassing previous resistances and achieving notable gains. But is the rise continuing? Or is a correction approaching?

Let's analyze the current scene through precise technical tools.

🔍 Current technical situation (DOGE/USDT)

  • Current price: $0.17139

  • Daily change: +7.72%

  • Highest price in 24 hours: $0.17268

  • Lowest price in 24 hours: $0.15655

✅ Recent candles:

Bullish with clear breakouts, and the price is now testing an important resistance at $0.17268.

📊 Key technical indicators:

📈 Moving averages (EMA):

  • EMA 20 = $0.16706

  • EMA 50 = $0.16395

  • EMA 99 = 0.16245

    🔹 The price is above all moving averages → Strong upward trend.

📈 RSI and StochRSI:

  • RSI(7) = 83.99

  • RSI(24) = 79.30

  • StochRSI = 93.00 → Clear buying saturation

    🔺 This indicates that the market is 'burning upward' and we may see a slowdown or correction soon.

📈 MACD:

  • Positive with strong momentum, but the difference between the lines is slight → Momentum may weaken soon.

📦 Trading volume:

  • Recently rose with the ascent, but has begun to pull back slightly → Initial signal of a possible pullback or hesitation.


🎯 Current recommendations:

🟢 Quick speculator:

  • Take partial profits now.

  • Or move the stop loss below $0.167 (near EMA20).

  • If the price breaks the level of $0.17268 with a 15-minute candle close, there is a possibility of continuing towards $0.178 – $0.182.


📉 If reversal candles appear with a decrease in volume:

  • We may begin a correction to support areas:

    • First support: $0.167 – $0.165

    • Second support: $0.162 – $0.160 (good buying area for a rebound)


💡 Summary:

Dogecoin is now moving on the line of fire 🔥

The bullish momentum is strong, but technical indicators warn of significant buying saturation, leaving traders with two options:

Seize the opportunity on the breakout, or wait to enter from safer support levels.

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