Dogecoin also saw a price breakthrough, rising to 0.38 USDT after a period of consolidation. DOGE successfully broke above its 26-day and 50-day Exponential Moving Averages (EMAs), which are seen as indicators of positive sentiment. This upward movement reflects increased interest and buying activity in the asset.
The Relative Strength Index (RSI) for DOGE is hovering around 58, suggesting there is room for further upward movement without entering overbought territory. However, low trading volume raises concerns about the sustainability of this rally.
If DOGE attracts increased buying activity, it could challenge resistance at 0.40 USDT. Conversely, a failure to sustain momentum could lead to a pullback towards support at 0.35 USDT. Dogecoin’s price performance will depend on its ability to secure stronger volume and sustained market interest. $DOGE