Dogecoin price analysis (Bullish) — 0.20 USDT (+0.15% 24h)

DOGE is showing strong momentum with a 15.1% surge over the past 24 hours, currently trading at $0.1985. The cryptocurrency has decisively broken above both its 20-day SMA ($0.1974) and 50-day SMA ($0.1963), indicating robust bullish momentum. However, caution is warranted as the RSI reading of 69.17 approaches overbought territory, suggesting potential for a near-term pullback. Trading volume remains substantial at $188.6 million, supporting the current price movement. The elevated volatility of 3.36% underscores the need for careful position sizing. For traders, consider taking partial profits near the $0.20 psychological resistance level while maintaining a stop-loss below $0.1950. The overall technical picture remains positive, but be prepared for increased volatility as DOGE tests key resistance levels. Long-term holders might consider holding through potential short-term fluctuations given the strong technical foundation.