Recently, observing market trends, cryptocurrencies like DOGE and AVAX have shown noticeable signs of upward movement. To be honest, DOGE's performance over the past two years has been relatively calm, but based on recent price trends, it seems like a change is coming.
Currently, DOGE is priced at $0.132276, and the upward momentum is quite strong. From technical indicators, the RSI has reached 71.2, indicating an overbought condition. In this situation, the market usually has two possibilities: either continue pushing higher or undergo a correction. My judgment is that the probability of continuing upward is higher.
Looking at key levels, support is at $0.123017 below, and resistance is at $0.141535 above. If it can break through the $0.138890 level, it could mean the potential for a new upward space.
Based on this analysis, my current plan is to gradually build a position up to about 30%. For stop-loss, I will set it near $0.123017, and if it breaks below this support, I will exit promptly. As for the target, I will first see if the resistance at $0.141535 can be broken.
DOGE's volatility is indeed quite high, so mental preparation is necessary. However, considering the current market sentiment and capital flow, this opportunity still seems worth paying attention to. What are your thoughts?
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MetaverseLandlord
· 4h ago
Dogecoin this time is really interesting. The RSI has already soared to 71, and you're still daring to say it will continue to rise? I don't buy this. Overbought is overbought, and a pullback is only a matter of time.
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Anon4461
· 4h ago
Dogecoin is really showing some strength this time; RSI has soared to 71, and it can still keep exploding, right?
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TokenEconomist
· 4h ago
actually, let me break this down... RSI at 71.2 screaming overbought but you're still bullish? ceteris paribus that's literally textbook mean reversion setup. think of it this way — traditional markets would be pricing in a pullback here, not a moon mission lmao
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MEVictim
· 5h ago
Hmm... RSI 71.2 overbought and still want to chase? This move is likely to get you slapped in the face, buddy.
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HalfBuddhaMoney
· 5h ago
Is Dogecoin becoming active again? The RSI of 71 is already getting hot, and I'm a bit worried whether this wave can break through 138.
Recently, observing market trends, cryptocurrencies like DOGE and AVAX have shown noticeable signs of upward movement. To be honest, DOGE's performance over the past two years has been relatively calm, but based on recent price trends, it seems like a change is coming.
Currently, DOGE is priced at $0.132276, and the upward momentum is quite strong. From technical indicators, the RSI has reached 71.2, indicating an overbought condition. In this situation, the market usually has two possibilities: either continue pushing higher or undergo a correction. My judgment is that the probability of continuing upward is higher.
Looking at key levels, support is at $0.123017 below, and resistance is at $0.141535 above. If it can break through the $0.138890 level, it could mean the potential for a new upward space.
Based on this analysis, my current plan is to gradually build a position up to about 30%. For stop-loss, I will set it near $0.123017, and if it breaks below this support, I will exit promptly. As for the target, I will first see if the resistance at $0.141535 can be broken.
DOGE's volatility is indeed quite high, so mental preparation is necessary. However, considering the current market sentiment and capital flow, this opportunity still seems worth paying attention to. What are your thoughts?