WARNING🔥🔥$DOGE -upward breakout💹 - currently looks very "heated":
📊 Price: 0.24317, just updated maximum 0.24427.
MA(7) = 0.23933, MA(25) = 0.23733, MA(99) = 0.23055 → all moving averages are clearly directed upwards, strong uptrend.
RSI(6) ≈ 86.56 → zone of strong overbought, risk of a short correction is very high.
Volumes: the last two candles showed a sharp spike, which often indicates either the beginning of a powerful impulse or its final phase before a pullback.
📌 Possible scenarios for $DOGE today
Bullish scenario 🟢: if it holds above 0.2410–0.2420, another jump to 0.2460–0.2480 may occur.
Bearish scenario 🔴: if sales begin, the first support zone is 0.2390–0.2400, then 0.2370 (MA25).
Risks: with such an RSI, there is a high probability of quick profit taking by traders.
💡 Conclusion: the trend is currently strong and upward, but entering "at the peak" is dangerous. It is safer to wait for a slight pullback and confirmation of a new impulse.