⏰ Updated at 14:35 on 18/07/2025

$DOGE is trading around 0.2422, after a sharp increase from the range of 0.206x in less than a day. Volume has also exploded, with a strong inflow of funds – but when the price reached the peak of 0.249 and hesitated a bit, I began to wonder: Does DOGE still have the strength to continue, or is it preparing for a correction?

Let's take a closer look through each time frame:

🕓 4H frame – Clear uptrend, but RSI is heavily overbought.

On the 4-hour chart, DOGE is showing a very nice uptrend: bouncing from the range of 0.206x up to nearly 0.249. The MA7, MA25, and MA99 lines are all trending upwards, with the price closely following the MA7 like it's on a railway.

But what’s worth noting is that RSI(6) is at 88 – a deeply overbought region, which easily leads to a technical correction. The MACD is still strongly positive, and the histogram is expanding → money is still flowing in, but personally, I feel the upward momentum is starting to feel a bit 'strained'.

📍 => For me, the 4-hour frame is still uptrend, but it is highly likely that DOGE will need a 'rest' around the range of 0.240 – 0.235 before wanting to rise further.

⏱️ 1H frame – Buying power is still there, but divergence has started.

The 1-hour chart clearly shows that DOGE has 'run' too fast. The price jumped sharply from 0.217 to nearly 0.249, and now it is correcting around 0.242 – which is still much higher than MA7 and MA25.

However, signs of mild divergence are beginning to appear in the RSI and MACD → while the upward force is still present, it may not be as 'fierce' as before.

MACD is still positive, but the histogram is no longer expanding → momentum is slowing down.

📍 => I believe DOGE on the 1-hour frame is temporarily stable. If it can hold the range of 0.238 – 0.240, it remains positive. Conversely, it may slightly correct to 0.232 – 0.235.

🕒 15-minute frame – Short-term correction is occurring

The 15-minute chart reflects the 'fatigue' of DOGE most clearly after hitting the short-term peak of 0.24909. Currently, the price is slightly sideways around 0.241 – 0.243, with some small red candles appearing → profit-taking force is starting to show.

RSI(6) decreased to ~51, no longer in the overbought area, but the MACD has started to cut down → indicating that DOGE may continue to accumulate or correct towards the nearby support.

📍 => The 15-minute frame is slightly releasing. If it breaks 0.240, the MA25 range around 0.235 will be the nearest support.

📌 Summary of personal perspective

DOGE is increasing very strongly, and overall, all three frames lean towards an uptrend, especially the 4-hour and 1-hour. However, due to the rapid increase, the RSI is currently overbought, and signs of divergence have appeared on the momentum indicators.

🚫 It's not advisable to FOMO at this time, as the likelihood of correction or accumulation is very high.

🚀 The scenario I am following:

🔸 Bull case: DOGE holds the range of 0.238 – 0.240, accumulates and then bounces back → aiming towards 0.249 and then expanding to 0.255 – 0.26

🔹 Bear case: DOGE does not hold 0.238 → corrects to 0.230 – 0.232 and then reassess.

👇 For those holding DOGE, what strategy are you following? Have you taken some profits or are you still holding? Remember to manage your risks, as the meme market can be very aggressive when it runs, but can also be harsh when it pulls back!