DOGE has surged over 11% in 24 hours, breaking above key moving averages. However, the RSI is very high at 79.5, indicating the price may be overbought and due for a pullback. The recent low near $0.145 and high near $0.151 provide reference points.
Current Situation
DOGE is trading at $0.151, up 11.3% today. The price is above both the 20-day ($0.145) and 50-day ($0.139) averages, which is a bullish sign. However, the RSI is at 79.5, which is in the ‘overbought’ zone (above 70). This often means a short-term price correction could happen.
Price Action & Levels
Looking at the recent hourly data, DOGE dipped to a low near $0.132 on Dec 1st before starting this rally. The most recent local low is around $0.1455, and the most recent local high is near $0.151. These can act as short-term support and resistance levels.
Trading Strategy
Because the price is overbought, it’s risky to buy right now at the peak. A safer strategy is to wait for a pullback to a lower price to buy, and look to sell if it reaches a higher resistance level. Never invest more than you can afford to lose.
Beginner Recommendations
Advice: hold
Buy Price: 0.145 USDT
Sell Price: 0.151 USDT
Key metrics
| Price | 0.1510 USDT |
| 24h Change | 11.29% |
| RSI(14) | 79.48 |
| SMA20 / SMA50 | 0.15 / 0.14 |
| Daily Volatility | 3.77% |
| 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.
