Dogecoin price analysis (Bullish) — 0.17 USDT (+0.30% 24h)

DOGE is showing strong momentum with a 30.4% surge over the past 24 hours, pushing the price to $0.165. The current RSI reading of 66.6 indicates bullish momentum while still remaining below overbought territory. Notably, DOGE has broken above its 20-day SMA of $0.162, though it continues to trade below the 50-day SMA at $0.166, suggesting potential resistance ahead. The substantial $488 million trading volume confirms genuine institutional and retail interest in this move. Given the elevated volatility of 5.16%, traders should approach with caution. For short-term positions, consider buying dips toward $0.158-0.160 with stops below $0.155. For existing holders, this might be an opportunity to take partial profits near the $0.166 resistance level. The meme coin sector appears to be heating up again, but remember DOGE’s notorious volatility requires disciplined risk management.