Imminent reversal of #Dogecoin ?
After a rally of more than 30 days, Dogecoin ($DOGE ) shows signs of possible reversal. Technical indicators, such as Bollinger Bands and the Relative Strength Index (RSI), suggest that the meme cryptocurrency is in an overbought zone, with the RSI exceeding 80.56.
Currently, DOGE is trading at $0.2644, with a 4% drop in 24 hours. Although the coin has risen by 70.03% in 30 days, market sentiment is weakening, which could challenge its recent upward trend.