$DOGE

DOGE suddenly surged to 0.475, rising by 16 percent, catching people's attention!

Looking at this momentum, everyone is pondering how Dogecoin will perform in the next 24 hours.

Is the momentum strong? Just look at the RSI, which has already exceeded 70, indicating that it has risen a bit too much and may need to take a breather or adjust.

The MACD also shows that the upward momentum is still quite strong, but we need to be cautious as it may gradually weaken.

What about the moving averages? Dogecoin is currently significantly above the 20-day and 50-day moving averages, which indicates it has been on the rise. However, being too far from the moving averages may also require a pullback.

Support and resistance are also crucial. If Dogecoin pulls back, 0.4 is its important defense line. And the 0.5 position is being watched closely by everyone, which could trigger a significant surge or many people starting to sell. Large holders may be the driving force behind this rise, quietly buying a lot of Dogecoin and pushing the price up. If it approaches the 0.5 position, caution is warranted, as they might be looking to take profits.