💡 Quick Technical Analysis:
✅ Strong increase of +6.26%! DOGE bounced from the level of $0.17123 and quickly surged to a daily high of $0.18661, with a clear increase in momentum and buying interest.
✅ Good stability after the breakout! The price is currently consolidating around 0.18198 after a sharp upward movement, indicating ongoing buying pressure and strong support below the price.
📈 RSI at 68.86: Approaching overbought territory, which means there is significant momentum, but caution is advised for a potential correction.
📊 Positive MACD! The upward crossover is still intact and momentum is strong, although it has started to slow down a bit – indicating that the upward movement has not lost its strength yet but needs additional support for the next breakout.
🚀 Expected scenario:
If the price successfully breaks through the resistance of 0.1866 again, we may see DOGE shoot towards 0.195 and then 0.200 – which are very important psychological and technical levels.
In the event of a correction, the areas 0.177 - 0.173 may form strong support and a new entry opportunity.
🔥 Important tips:
✅ Do not enter directly after a vertical rise – it’s better to wait for confirmation of the breakout or wait for a slight correction.
✅ Watch trading volumes – they are key to the continuation of the rise.
✅ Set a stop loss below the area of 0.171 to avoid any sudden reversal.
⚠️ My personal opinion:
DOGE is showing strong bullish signals supported by good technical momentum, but smart entry is knowing how to ride the wave at the right time! Are you ready? 🌊🚀
📢 Do you expect a breakout above 0.20 soon? Share your opinion with us in the comments! 👇🐕