DOGE is currently in a pullback after a strong rally. The RSI is very high, suggesting it was overbought. The price is now testing a support level. It’s better to wait for a deeper dip or a confirmed bounce before considering a buy.
Current Price Action
The price recently dropped from a high near $0.1505 to around $0.1357. This is a normal pullback after a big move up. The recent low near $0.1323 is a key support level to watch.
RSI Indicator (Overbought)
The RSI is at 78.5, which is in the ‘overbought’ zone (above 70). This often means the price went up too fast and a correction or pause is likely. The current drop is helping to cool this down.
Moving Averages
The current price ($0.1357) is just above the 20-period average ($0.1350) but below the 50-period average ($0.1410). This shows short-term momentum is mixed and the medium-term trend might be weakening.
Suggested Strategy
Avoid buying right now. The price is still falling from an overbought level. Wait for it to stabilize or drop closer to the recent strong support. If you already own DOGE, consider holding unless it breaks below key support.
Key Price Levels to Watch
The recent low of $0.1323 is major support. If the price holds above there, it could bounce. The recent highs near $0.1505 are strong resistance. A move back above $0.1410 (the 50-period average) would be a positive sign.
Beginner Recommendations
Advice: hold
Buy Price: 0.1325 USDT
Sell Price: 0.15 USDT
Key metrics
| Price | 0.1357 USDT |
| 24h Change | -1.02% |
| RSI(14) | 78.47 |
| SMA20 / SMA50 | 0.14 / 0.14 |
| Daily Volatility | 3.46% |
| Sentiment | Bearish |
| Risk level | High |
Disclaimer: this material is for educational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile; always assess your own risk, investment horizon, and do your own research.
