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Happy Labor Day to everyone!
On this wonderful day, let's review the technical analysis of DOGE/USDT
· SuperTrend (10,3): 0.09536 — the price is above the trend line, indicating a current short-term bullish movement.
· MACD (12,26,9): MACD = +0.00125, DIF is above DEA (0.00296 > 0.00170) — the histogram is positive, a buy signal according to the indicator.
· KDJ (9,3,3): K=73.45, D=68.12, J=84.11 — overbought zone (J > 80). This is a warning: a correction may occur in the coming hours.
· RSI(12): 77.26 — also in the overbought zone (above 70). RSI(24) = 63.40 — neutral-bullish on a broader horizon.
Chart Structure
On the daily timeframe, a prolonged downtrend is visible from levels around ~$0.33 (August 2025) to lows near $0.08. The current 4% rise from the lower boundary of the range is a typical rebound after oversold conditions. To confirm a reversal, it is necessary to:
1. Hold above $0.112–0.115 (the nearest local resistance).
2. Break through the downtrend that has been ongoing since November 2025.
3. Wait for RSI(12) to decrease from the overbought zone without a sharp price drop (shift to flat or consolidation).
DOGE1.47%
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