Dogecoin price analysis (Bullish) — 0.26 USDT (+10.79% 24h)

DOGE is showing impressive momentum with a 10.8% surge over the past 24 hours, currently trading at $0.2575. The cryptocurrency has decisively broken above both its 20-day SMA ($0.2486) and 50-day SMA ($0.2392), indicating strong bullish momentum. However, caution is warranted as the RSI reading of 79.5 places DOGE in severely overbought territory, suggesting a potential near-term pullback. Trading volume remains robust at $362 million, supporting the current price action. Given the elevated volatility reading of 3.57%, traders should expect continued price swings. For current positions, consider taking partial profits given the overextended technicals. New entries should wait for a healthy pullback toward the $0.245-0.250 support zone. Risk management is crucial – set tight stop losses below $0.240 to protect capital if the overbought condition triggers a correction.