Based on the updated value of **RSI at 56.477** (clearly above 50), here’s the adjusted analysis and its implications for **DOGE's** price predictions for the coming days:
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### 📈 **Impact of RSI = 56.477 on Short-Term Trend**
1. **Positive Signals**:
- **Strong Bullish Momentum**: RSI exceeding 50 indicates:
- Improvement in buyer sentiment.
- Likelihood of continuing the rise towards **Resistance $0.257–0.271**.
- **Confirmation of Resistance Break**: If the rise in RSI is accompanied by an increase in trading volume, the likelihood of breaking the price of $0.257 within 24–48 hours will increase.
2. **Target Levels**:
- **Near**: $0.257 (first major resistance).
- **Average**: $0.271 (upper bounds of the ascending channel).
- **Strong**: $0.285 (if momentum continues with positive news support).
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### ⚠️ **Cautions Despite Rising RSI**
- **Early Overbought**:
- If RSI exceeds **60–65** during the current day without breaking $0.257, a quick correction towards **$0.240–0.245** could occur (immediate support).
- **Impact of External Factors**:
- Any negative statements from celebrities (like Elon Musk) or a drop in Bitcoin could negate the RSI signal.
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### 📊 **Updated Scenarios for the Coming Days**
| **Period** | **Bullish Scenario** (if RSI remains > 55) | **Bearish Scenario** (if RSI returns to 50) |
|---------------|------------------------------------------|------------------------------------------|
| **24 Hours** | Testing $0.257, with the possibility of breaking it. | Drop to $0.245 if the price fails to stay above $0.250. |
| **2–3 Days** | Rise to $0.271 (+7% from current price). | Fluctuation between $0.240–0.250. |
| **4–5 Days** | Reach $0.285 (especially with news support). | Drop to $0.230 in case of overall market weakness. |
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### 📌 **Practical Trading Tips**
1. **Real-time Monitoring**:
- Track **Trading Volume**: An increase with RSI > 55 enhances the likelihood of an upward movement.
- Monitor **Elon Musk's Tweets** (any signal for DOGE could drive the price up +10% within hours).
2. **Entry and Exit Points**:
- **Buy**: when the price stabilizes above $0.250 with RSI > 50.
- **Profit Taking**: at $0.271 or if RSI suddenly drops below 45.
3. **Stop Loss**: Set it at **$0.240** to protect capital.
> Summary: **The current situation is positive thanks to RSI = 56.477**, but the success of the rise depends on **breaking $0.257** with overall market stability. Monitor indicators every 4–6 hours due to DOGE's rapid volatility!
