Dogecoin price analysis (Neutral) — 0.23 USDT (-2.81% 24h)

DOGEUSDT is showing mixed signals after a 2.8% pullback over 24 hours. Currently trading at $0.22679, the price is hovering just above the 20-day SMA ($0.226707) but remains below the 50-day SMA ($0.2344248), indicating near-term consolidation with underlying weakness. The RSI at 64 suggests Dogecoin is approaching overbought territory but hasn’t crossed the critical 70 threshold yet. Volume remains healthy at $470M, showing sustained interest despite the price decline. The elevated volatility reading of 3.84% signals potential for sharp moves ahead. Traders should watch for a decisive break above the 50-day SMA for bullish confirmation, while a drop below the 20-day SMA could trigger further selling toward $0.215 support. Consider scaling into positions with tight stops given the current volatility environment.