Dogecoin price analysis (Bullish) — 0.15 USDT (+10.49% 24h)

Dogecoin (DOGE) is showing significant momentum this week, surging over 10% in the past 24 hours to trade at $0.1503. This breakout is supported by substantial volume exceeding $143 million, indicating strong conviction behind the move. The price has decisively cleared both the 20-day SMA ($0.146) and 50-day SMA ($0.1397), turning these levels into potential support. However, caution is warranted as the RSI reading of 75.28 signals the asset is entering overbought territory. The elevated volatility reading of 3.76% suggests traders should expect continued price swings. For active traders, consider taking partial profits on strength toward the $0.155-$0.160 resistance zone, while maintaining a core position with a stop-loss below the 20-day SMA. New entries at current levels carry higher risk due to the stretched RSI; waiting for a pullback toward $0.146-$0.148 would offer a better risk-reward setup.