Dogecoin price analysis (Bullish) — 0.26 USDT (+2.11% 24h)

DOGE is showing impressive momentum, climbing 2.1% to $0.261 amid substantial trading volume exceeding $259 million. The technical picture reveals both opportunity and concern – while price action remains above both the 20-day SMA ($0.253) and 50-day SMA ($0.255), indicating underlying strength, the RSI reading of 81.2 signals severely overbought conditions. This divergence suggests caution is warranted despite the bullish price action. The elevated volatility of 3.5% reflects heightened market participation but also increased risk. For traders, consider taking partial profits on strength toward $0.265-0.270 resistance zones while maintaining stop-losses below $0.252 support. New positions should wait for either a healthy pullback to the $0.250-0.255 consolidation area or a decisive break above $0.265 with volume confirmation. Meme coin rallies can reverse quickly, so position sizing remains critical.